Mumbai: The aggressive rate cut of 50 basis points by the US Fed fuelled a strong rally in the early trades on Thursday with benchmark indices touching new record highs, but pared gains later on profit-booking in heavy weights counters as the BSE Sensex closed at 83,184.58 with a gain of over 236 points.
The Nifty of National Stock Exchange (NSE) rose marginally by 38 points and closed at 25,415.80.
The Foreign Institutional Investors (FIIs) bought equities in the cash segment to the tune of Rs 1154 crore while the Domestic Institutional Investors (DIIs) bought worth Rs 152 crore in the last trading session yesterday, according to data available.
Earlier as the market opened, the BSE Sensex rose to new high of 83,773.61 and Nifty to its record high of 25,611.95, but later these indices pared early gains. The mid-cap and small-cap suffered major losses during the day.
The stocks that glittered were Consumer Durable by 0.64%, FMCG by 0.40%. However, IT dragged the market by 3% pc, Technology by 2.43%, Bankex by 0.46% and Realty by 0.47%.
The Mid cap fell 0.53% and Small cap by 1.06%. In 30-scrips BSE Sensex, shares of 19 companies advanced while that of 11 companies ended in red.
The gainers were NTPC by 2.48% to Rs 424.10, Nestle India Ltd by 1.98% to Rs 2646.05, Titan by 1.86% to Rs 3793, Kotak Bank by 1.60% to Rs 1868.40 and Maruti Suzuki by 1.45% to Rs 12,377.40.
The losers included HCL Technology by 1.44% to Rs 1730.45, TCS by 1.33% to Rs 4289, Adani Ports by 1.30% to Rs 1410 and L& T by 1.12% to Rs 3688.
