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3 min read | Updated on September 27, 2024, 17:17 IST
SUMMARY
Among NIFTY sectoral indices, Media, Banking, FMCG and Financial Services shares declined, witnessing profit booking in the last one hour. In the broader market, NIFTY Midcap 50 closed 0.24% higher, while NIFTY Smallcap 50 by 0.22%.
Stock list
NIFTY, SENSEX retreat from lifetime highs on selling in banking, FMCG shares: Check top gainers and losers
Benchmark indices NIFTY and SENSEX retreated from lifetime highs to close lower on Friday, September 27, following profit-taking in private banking and FMCG shares.
After a firm opening, NIFTY50 advanced 61 points to hit its lifetime trading high of 26,277 as IT and pharma shares posted gains. However, profit-taking in banking stocks in the late afternoon session dragged the key index into the negative.
NIFTY settled 37 points, or 0.14%, lower at 26,178.95, with 29 of its components ending in green and 20 in red, while one remained unchanged.
BSE SENSEX climbed up to 142 points to hit a record intraday high of 85,978 points. The key index pared some of its gains and closed lower by 264, or 0.31%, at 85,571. As many as 15 out of 30 SENSEX constituents advanced while the rest declined.
Investors turned cautious ahead of the release of US inflation data, which could provide clues about the US Fed's action. Weak trends in US futures markets also affected investor sentiment.
In the broader market, NIFTY Midcap 50 closed 0.24% higher, while NIFTY Smallcap 50 by 0.22%.
Among NIFTY sectoral indices, Media (-1.5%), Banking (-1.0%), FMCG (-0.4%) and Financial Services (-0.9%) declined, while Oil & gas (+2.3%), Pharma (+1.1%), and IT (+0.3%) closed in green.
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