Stock Market Closing: Equity benchmark indices Sensex and Nifty ended marginally lower on Friday as investors booked profits in FMCG, IT, and healthcare stocks after BSE Sensex and Nifty touched new all-time highs in intra-day deals. The 30-share BSE Sensex fell 7.65 points or 0.01 percent to 75,410.39. During the day, it rose 218.46 points or 0.28 percent to its all-time intra-day high of 75,636.50.

NSE Nifty crossed the 23,000 mark for the first time in early trade. During the day, the benchmark climbed 58.75 points or 0.25 percent to its all-time high of 23,026.40. However, it pared all gains and ended marginally lower at 22,957.10, down 10.55 points or 0.05 percent.

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In the run-up to the Lok Sabha election results, the market witnessed record-breaking gains for the second consecutive day. The results of the ongoing general elections will be declared on June 4. Tech Mahindra, Asian Paints, Titan, JSW Steel, Tata Consultancy Services, Mahindra & Mahindra, and ITC were the major laggards among the Sensex companies.

On the other hand, HDFC Bank, NTPC, Axis Bank, UltraTech Cement, Bharti Airtel, and Larsen & Toubro,  were among the major gainers. Foreign institutional investors (FIIs) turned buyers on Thursday after selling stocks for several days. According to exchange data, they bought equities worth Rs 4,670.95 crore on Thursday.

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In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong closed lower. European markets were trading with losses. Wall Street ended Thursday in negative territory.

Global oil benchmark Brent crude fell 0.73 percent to $80.77 a barrel. With around a fortnight left for the Lok Sabha election results to be declared, benchmark stock indices Sensex and Nifty ended at all-time highs with gains of over 1.6 percent on Thursday.

(With PTI’s Input)

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