Sensex turns choppy after hitting all-time high in opening trade

July 25, 2018 11:07 am | Updated 11:07 am IST - Mumbai

The benchmark Sensex turned volatile after hitting a new high of 36,928.06 in early session as investors turned cautious ahead of July futures and options (F&O) expiry amid mixed quarterly earnings.

The 30-share index rose by 201.97 points, or 0.27%, to hit a new high of 36,928.06, bettering its previous intra-day record of 36,902.06 hit on Tuesday.

However, the index soon turned choppy and was trading 16.05 points, or 0.04%, higher at 36,841.15 at 0940 hrs.

The gauge had rallied 473.87 points in the previous three sessions.

The 50-share NSE Nifty too turned cautious and was trading 4.40 points, or 0.04%, lower at 11,129.90.

Sentiment remained cautious ahead of July series F&O expiry scheduled tomorrow amid mixed quarterly earnings, brokers said.

Prominent gainers were Vedanta, Hero MotoCorp, Tata Steel, Adani Ports, ONGC, Sn Pharma, SBI, Bajaj Auto, Tata Motors, HDFC, Wipro, L&T and PowerGrid, rising up to 1.92%.

Top losers include Bharti Airtel, Asian Paints, NTPC, Coal India, Maruti and TCS falling up to 2%.

Meanwhile, on a net basis, foreign funds bought shares worth ₹104.34 crore, while domestic institutional investors made purchases worth ₹513.78 crore on Tuesday, provisional data showed.

Elsewhere in Asia, Shanghai Composite Index rose 0.09%, Hong Kong’s Hang Seng was up 0.85%, while Japan’s Nikkei gained 0.54% in early deals.

The US Dow Jones Industrial Average ended 0.79% on Tuesday.

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