Sensex declines by 62 points, Nifty trades below 8800

Sensex declines by 62 points, Nifty trades below 8800

Sensex declines by 62 points, Nifty trades below 8800

In the Asian region, Hong Kong's Hang Seng was up 0.21 per cent, while Shanghai Composite Index was up 0.38 per cent in early trade today. The banking sub-index of NSE, Nifty Bank ended 0.31 per cent higher led by gains in Bank of Baroda, which closed 2.09 per cent higher ahead of its earnings announcement for the December quarter.

The Sensex has so far touched a high of 28,456.18 points and a low of 28,319.47 points during the intra-day trade.

With regard to global cues, firm trend in other Asian bourses, tracking overnight gains in the USA markets after President Donald Trump promised to release a much-anticipated plan for tax cuts soon, boosted the trading momentum here.

Market breadth was positive with 1,010 advances against 483 declines.

Sector-wise, the S&P BSE IT index augmented by 203.47 points, followed by the Teck (technology, media and entertainment) index, which surged by 88.92 points, and the capital goods index, which rose by 64.54 points.

Navy: Special forces flew Trump flag in convoy
Maxwell said the unit's commanding officer would decide what punishment is warranted if anybody is found guilty of wrongdoing. Special Operations Command, which is responsible for overseeing and conducting special operations and secret missions.

BSE Sensex and Nifty ended on a flat note.

Meanwhile, Foreign portfolio investors (FPIs) bought shares worth a net Rs 201.13 crore yesterday, as per the provisional data released by the stock exchanges.

In terms of broader markets, the BSE mid-cap index fell by 0.28 per cent, whereas the small-cap index rose by 0.14 per cent.

On the other hand, ITC (1.03%), Axis Bank (0.79%), Dr Reddy'S Laboratories (0.70%), Infosys (0.66%), Housing Development Finance Corporation (0.46%), and ICICI Bank (0.36%) were the biggest losers in the Sensex.

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