Wednesday, 24 January 2018

Market Live: Sensex, Nifty trade flat, telecom stocks fall, IT shares gain




The criterion BSE Sensex opened lower on Wednesday after a five-session record-setting spree as banker cashed profits in metal, capital goods, consumer durables, power and banking shares along of January month expiry in the derivatives segment, PTI reported. Brokers said bankers turned discreet and preferred to log gains at record levels ahead of tomorrow’s January expiry in the derivatives segment, pulling down the key indices from record highs. Besides, a weak trend at most of other Asian markets too weighed on the passion here, they added. Meanwhile, foreign portfolio investors bought shares worth a net Rs1,229.35 crore, while domestic institutional bankers made purchases to the tune of Rs169.03 crore on Tuesday, provisional data showed. 

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