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Markets snap 7-day winning streak on profit booking
Business Standard
|December 08, 2023
Benchmark equity indices Sensex and Nifty snapped their seven-day winning streak on Thursday due to profit taking by investors after recent sharp gains triggered by negative cues from Asian markets.
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The 30-share BSE Sensex fell 132.04 points, or 0.19 percent, to close at 69,521.69. The gauge hit the lowest intra-day level of 69,320.53. Broader index Nifty also declined 36.55 points, or 0.17 percent, to settle at 20,901.15.
Analysts said crude oil prices in international markets failed to boost sentiment amid selling pressure from foreign institutional investors even as traders stayed on the sidelines ahead of RBI's monetary policy decision.
This story is from the December 08, 2023 edition of Business Standard.
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