Sensex, Nifty decline due to profit taking, close FY22 with over 18% gains

The broader NSE Nifty declined by 33.50 points or 0.19 per cent to settle at 17,464.75 with 30 of its stocks ending with losses.

Mumbai: Benchmark stock indices Sensex and Nifty pared their early gains to settle lower in choppy trade on the last day of the 2021-22 fiscal on Thursday mainly due to profit-taking in Reliance Industries, Infosys and HDFC Bank after a three-day rally.

Ending its three-day winning run, the 30-share BSE Sensex declined by 115.48 points or 0.20 per cent to settle at 58,568.51 amid the expiry of monthly derivatives contracts. During the day, it touched a high of 58,890.92 and a low of 58,485.79.

The broader NSE Nifty declined by 33.50 points or 0.19 per cent to settle at 17,464.75 with 30 of its stocks ending with losses.

For 2021-22 fiscal, the BSE Sensex jumped 9,059.36 points or 18.29 per cent while the Nifty rallied 2,774.05 points or 18.88 per cent.

"Even as markets ended the last day of the financial year in a rather quiet mood, it has delivered a 19 per cent return this year on the Nifty with two sectoral indices - metals and media returning over 50 per cent this year.