Sensex, Nifty touch new high before closing in red

Mumbai, Jun 11: A benchmark index of the Indian equities market closed Wednesday’s trade in red, falling 109 points or 0.43 percent, after it touched another record high of 25,735.87 points in early morning trade.

Scrips of sectors like metal, consumer durables, oil and gas, capital goods and realty came under sustained selling pressure. However, healthy buying was observed in information technology (IT) stocks, followed by healthcare, technology, entertainment and media (TECK) and bank sectors.

The 30-scrip S&P Sensex (sensitive index) of the Bombay Stock Exchange (BSE), which opened at 25,650.62 points, ended trade at 25,473.89 points (provisional), down 109.80 points or 0.43 percent, from its previous close of 25,583.69 points.

This is the fourth consecutive time that the Sensex hit a record high. The benchmark index was on a high of 25,735.87 points and a low of 25,365.65 points in the day’s trade. The index touched a high of 25,711.11 points in Tuesday’s intra-day. The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) too touched a new high of 7,700.05 points before closing at 7,626.85 units, down 29.55 points or 0.39 percent.

The BSE metal index was down 390.75 points, followed by BSE consumer durables index fell by 258.67 points, oil and gas index declined by 217.76 points, capital goods index decreased by 192.74 points and realty index slipped by 92.07 points. Gainers included BSE IT index, which soared by 193.53 points, healthcare index, up 70.24 points, and TECK index, up 62.44 points.