Sensex Today: Equity markets, which started off on a strong footing amid a global rally, ended sharply off highs amid selling in bank stocks.
The S&P BSE Sensex, which surged 680 points intraday, ended 31 points, or 0.04 per cent, higher at 71,386 levels. The Nifty50, too, ended at 21,545 levels, up barely 32 points or 0.15 per cent after hitting a high of 21,724 during the day.
The broader MidCap and SmallCap indices, too, ended off highs on the BSE with gains of only 0.07 per cent and 0.37 per cent, respectively.
Among sectors, the Nifty Media index crashed the most, falling 3.4 per cent, amid a slide in ZEEL shares (down 8 per cent), Dish TV (5 per cent), and Hathway (3 per cent).
That apart, the Nifty Bank, and Financial Services indices fell 0.5 per cent each.
On the upside, the Nifty Realty index surged 2.4 per cent, and the Nifty Auto, Pharma, and Metal indices gained around 1 per cent each.
Global Cues
Overnight in the US, the Dow gained 0.58 per cent. S&P 500 rose 1.41 per cent and the Nasdaq Composite rallied 2.2 per cent.
Asian stocks also edged higher. Japan’s Nikkei jumped 1.3 per cent. Australia’s S&P/ASX 200 rose 1 per cent. Kopsi in South Korea was up 0.29 per cent and Hang Seng in Hong Kong rose 0.56 per cent.
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