Sensex Slides 1,000 Points from Interim High, Closes Above 72,000 – Latest News | India Business News – Times of India

by The Technical Blogs


MUMBAI: A day after the interim Budget, the sensex swung wildly before closing 0.6% higher on the back of heavyweights like Reliance Industries, Infosys and TCS.
On Friday, boosted by overnight gains in the US and early gains in Asian markets, the sensex opened higher and by mid-session was up more than 1,400 points or 2% to above the 73K mark.

But profit-taking at higher levels pulled the index down in late trades and it closed 440 points or 0.6% up. On the NSE, Nifty followed a similar trajectory to hit a new all-time high during the day at 22,127 points but closed below the 22K mark, at 21,854 points — up 156 points or 0.7%.
According to Ajit Mishra of Religare Broking, the day’s session was a kind of a roller coaster ride for participants as the leading indices oscillated sharply on both sides and ended with modest gains. “After the gap-up start, Nifty marched towards its record high but couldn’t hold that level for long and surrendered most of its gains,” Mishra said.





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