Indian benchmark indices slipped from life highs and ended flat in a rangebound session as investors were in a wait-and-watch mode ahead of the GDP numbers for the January-March quarter.
BSE Sensex slipped from life highs to end marginally lower at 31,145.80 points today as investors booked profits after four straight record-setting sessions. The barometer which had gained 857.76 points in the previous four sessions, moved in a narrow 148-point band today and closed 13.60 points or 0.04 per cent down at 31,145.80 points. Intra-day, it scaled 31,255.28 points to breach its previous all-time intra-day high of 31,220.38 points hit yesterday. Industry heavyweights Infosys, Reliance Industries and HDFC contributed most to the fall in the BSE Sensex.
NSE Nifty, the broader gauge, also settled 3.30 points, or 0.03 percent lower at 9,621.25 points. The 50-share index remained in the positive terrain for the major part of the session and scaled a new peak of 9,649.60 points, breaking its previous record of 9,637.75 points hit on May 29. However, it succumbed to profit-booking towards the close and settled 3.30 points, or 0.03 percent lower at 9,621.25 points.
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The S&P BSE Midcap index gained 136 points to close at 14,625 points with Indiabulls Housing Finance, Mahindra & Mahindra Finance and LIC Housing Finance being the top contributors. The S&P BSE Metal index fell over 1.43 per cent to 11,247 with Vedanta, Coal India and Tata Steel being the major laggards.
Shares of Jet Airways slipped over 5 percent in early trade after reporting a 95 percent drop in consolidated net profit for the March quarter of the fiscal year 2017. However, the script recouped the losses and closed 4 percent higher at Rs 477 per share.
Shares of MOIL Limited (formerly Manganese Ore India Limited) surged about 5.9 percent after the company reported a massive 441 percent increase in net profit at Rs 115 crore for the quarter ended March 31, 2017, against Rs 21 crore reported for the corresponding quarter last year.