Sensex, Nifty give up early gains; trade lower after unprecedented record-breaking rally

Sensex And elegant It jumped in early trading on Wednesday but later gave up all the gains to trade lower amid the emergence of profit-taking, after an unbroken record high in the past few trading sessions.

The 30-share BSE Sensex Index rose 44.19 points to 65,523.24 after starting to trade positively. And soon it touched its highest level of 65584.33, an increase of 105.28 points.

The NSE Nifty Index rose 20.4 points to 19409.40 in early trade. Later, it recorded a high of 19421.60, up 32.6 points.

However, both benchmarks later gave up early gains and traded lower on profit-taking.

The Bahrain Stock Exchange dropped 65.60 points at 65,413.45 and the Nifty traded 16 points lower at 19,373.

Of Sensex Group, IndusInd Bank, ICICI Bank, Asian Paints, Larsen & Toubro, Maruti, Bajaj Finance, Hindustan Unilever and Nestle were the biggest gainers.

HDFC Bank, HDFC, Wipro, Bajaj Finserv, Kotak Mahindra Bank, Titan and Axis Bank were among the latecomers.

Also read: The rupee decreases 7 pounds to 82.08 against the US dollar

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.

US markets were closed on Tuesday.

The global oil benchmark, Brent crude, fell 0.59 percent to $75.80 a barrel.

Foreign Institutional Investors (FIIs) He bought shares worth ₹2,134.33 crore on Tuesday, according to exchange data.

Prashanth Tapsee, Vice President (Research) Director, Mehta Equities Ltd.

The BSE index rose for the fifth consecutive session on Tuesday, jumping 274 points, or 0.42 percent, to settle at an all-time closing high of 65,479.05. During the day, the benchmark index rose 467.92 points, or 0.71 percent, to She reached her peak during the day from 65,672.97.

The Nifty Index rose by 66.45 points, or 0.34 percent, to close at a new record high of 19,389 points. During the day, it rose 111.6 points, or 0.57 percent, to reach an all-time high for the day at 19,434.15.