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Sensex, Nifty turn flat after touching new highs

The equity markets have been getting a lot of support from domestic institutional investors that have put in more than $10 billion in the current calendar year till date

New Delhi: After Indian benchmark equity indices continued their record-breaking spree on Monday, profit booking in later hours saw the indices fall off the high.

The 30-share Sensex touched a new intra-day high of 37,496.80 during the morning session while gaining nearly 160 points as the overall market breadth also stayed strong with more than 1,200 stocks advanced.

Later in the day, however, the index erased all its gains and was trading a marginal 20 points lower at 37,317.03. Nineteen of the 30 Sensex stocks were up though with State Bank of India, Vedanta and ONGC leading the gains.

The broader Nifty of the National Stock Exchange (NSE) was trading at 11,270.80, down 7.55 points.

The equity markets have been getting a lot of support from domestic institutional investors that have put in more than $10 billion in the current calendar year till date while overseas investors have been net sellers at approximately $700 million.

 

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