Markets Witness Small Profit Booking

In today's trade the benchmark indices were seen trading in red after scaling all time high in nine consecutive trading sessions. The 30-share Sensex was seen trading down by nearly 0.40% and 50- share Nifty was down by 0.44% in today's trade. The market breadth was negative as it witnessed some amount of profit-booking in the early morning trade. In BSE Sensex, 8 shares advanced while 22 shares declined. The broader markets BSE mid-cap and small-cap dipped by 0.63% and 1.03% respectively.

Tracking the momentum of the sectoral indices, BSE FMCG and Healthcare were the only indices that were seen trading in green; the indices were up by 0.32% and 0.51% respectively. The gainers in today’s rally were led by Asian Paints which was up by 0.91% as it is expected that sales would boost up during the festive season. Cipla was up by 1.33% after its launch of anti-asthama inhaler. However DLF, Hindalco, BHEL were down by 7.98%, 4.17% and 4.14% due to profit booking.

On the global front, a mixed trend was seen in the Asian markets. Japan's Nikkei was trading down by 0.39%, Hong Kong's Hang Seng was down by 0.34% while China's Shanghai was up by 0.35%.