Sensex, Nifty register losses amidst profit booking ahead of CPI inflation data

Image Source: FILE Stock exchange business building

The main equity benchmarks, the Sensex and Nifty, ended Monday’s trading session in negative territory as investors engaged in profit-booking activities ahead of the scheduled release of Consumer Price Index (CPI) inflation data later in the day. In particular, the domestic indices showed strong gains during the first session of Samvat 2080 on Diwali.

The S&P BSE Sensex recorded a decline of 326 points, closing at 64,934. Meanwhile, the NSE Nifty50 settled at 19,444, showing a decline of 82 points.

Among the 30-share Sensex constituents, notable losers included Bajaj Finance, Infosys, TechM, ICICI Bank, Nestle, and TCS. A total of 23 of the 30 index stocks ended the day in the red. On the contrary, M&M, JSW Steel, NTPC, PowerGrid, IndusInd Bank, Tata Steel, and SBI emerged as gainers.

In the broader markets, the BSE Midcap index rose marginally by 0.10%, while the BSE Smallcap index declined marginally by 0.01%.

Across sectors, the Nifty PSU Bank index saw the most significant gain, up 2.6%, followed by the Nifty Metal index, which rose 0.37%. However, the Nifty IT index declined by 0.73%. Most sectors ended the day in negative territory.

During the previous session, Diwali Muhurat Trading, the BSE Sensex had rallied, closing 355 points higher at 65,259.45 in the first trading session of Samvat 2080. The Nifty, in the same session, stood at 19,525.55, an increase of about 100 points. Today’s profit booking seems to have offset some of the gains made during the Festive trading session.

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