Sensex retreats from record peak as RIL, IT stocks skid

Mumbai, June 28

Advertisement

Equity benchmark Sensex reversed early gains to close 189 points lower on Monday, pressured by Reliance Industries and IT stocks, as investors gave a lukewarm response to the government’s fresh stimulus measures for Covid-hit sectors.

Buying in pharma stocks cap losses

• A lacklustre trend in global equities further weighed on sentiment, though robust buying in pharma and metal counters capped the losses, traders said

After touching a lifetime high of 53,126.73 in opening session, the 30-share BSE index ended 189.45 points or 0.36 per cent lower at 52,735.59.

Similarly, the broader NSE Nifty settled 45.65 points down at 15,814.70. It touched an intra-day record of 15,915.65. — PTI