Markets turn flat amid profit-taking, weak trends in Asian peers
The Hindu
Stock market indices fluctuate as profit-taking offsets early gains, influenced by global trends and investor sentiment.
Stock market benchmark indices turned flat after beginning the trade on a positive note on Wednesday (August 28, 2024) amid profit-taking in line with weak trends in Asian peers.
The 30-share BSE Sensex climbed 128.81 points to 81,840.57 in early trade. The NSE Nifty went up by 30.4 points to 25,048.15.
However, soon both the benchmark indices faced profit-taking and were trading lower. The BSE benchmark traded 42.46 points lower at 81,682.57 while the Nifty quoted 21.60 points down at 24,996.15.
Among the 30 Sensex firms, Mahindra & Mahindra, Power Grid, Tata Motors, Titan, Sun Pharma, ITC and Reliance Industries were the biggest gainers.
Bajaj Finserv, JSW Steel, Tata Steel, Tata Consultancy Services, HCL Technologies and Maruti were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
The US markets ended with marginal gains on Tuesday.
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