Indices fall for second consecutive day due to profit booking in select stocks | Stock market today| Trending Viral hub

Equity benchmarks Sensex and Nifty closed lower for the second consecutive session on Wednesday on profit booking in select banking and auto stocks amid mixed global market trends and foreign fund outflows.

The 30-share BSE Sensex fell 27.09 points or 0.04 per cent to settle at 73,876.82 in volatile trade. During the day, the index ranged between a high of 74,151.21 and a low of 73,757.23.

The broader NSE Nifty fell 18.65 points or 0.08 per cent to 22,434.65, with 30 components of the 50-share benchmark index ending with losses. “Nifty remained volatile throughout the day after an initial weak start due to negative global cues,” said Rupak De, senior technical analyst at LKP Securities.

NSE to launch four indices

NSE on Wednesday announced the launch of four new thematic indices. These are Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20 and Nifty MidSmall Healthcare.

The Nifty Tata Group 25% Cap, a variant of the already existing Nifty Tata Group index, comprises 10 companies and limits the individual weight of a single company to 25 per cent.

The Nifty500 Multicap India Manufacturing 50:30:20 Index comprises a selection of large, mid and small cap companies representing the manufacturing theme. BS REPORTER

First published: April 4, 2024 | 1:18 a.m. IS

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