Sensex reverses gains, falls 400 pts from day’s high, Nifty below 12,050

Benchmark indices turned negative in afternoon trade as traders preferred to book profits after Sensex and Nifty hit their life-time highs. NSE Nifty slipped 100 points from day’s high and Sensex 400 points.

The 50-share Nifty was at 12,047, down 26 points while 30-share Sensex was at 40850, down 40 points.

Bharti Airtel was the biggest loser among Sensex stocks, diving 3.55 per cent to Rs 435.30. Powergrid, down 1.91 per cent at Rs 195 and Sun Pharma, down 1.47 per cent at Rs 452 were other top losers.


Earlier today, the domestic equity indices had swung to new highs in opening session, buoyed by positive news on the US-China trade war front.

NSE flagship Nifty scaled new peak at the opening tick and crossed the previous high of 12,103. The index was up 50 points at 12,123. Meanwhile, BSE barometer Sensex also scaled Mount 41,000 and was trading at 41,089, up 200 points.

Broader market indices moved in tandem with their headline peers as Nifty Midcap advanced 0.50 per cent to 17,146. Nifty Smallcap added 0.49 per cent to 5,772 and Nifty 500 was at 9,846.

Zee Entertainment slipped 8 per cent to Rs 314.85 after Subhash Chandra resigned as chairman. Bharti Infratel was the biggest Nifty loser, down 4.48 per cent at Rs 238.95.

Among sectors, Nifty Media was the sole loser on NSE, shedding 2.16 per cent. Rest of the indices were trading in the green with Nifty PSU Bank being the biggest gainer, up 1.5 per cent.

Among Sensex stocks, Bharti Airtel was the biggest loser, down 2.57 per cent at Rs 439.70. YES Bank was the biggest gainer on the index, up 1.73 per cent at Rs 64.80.

Reliance Industries, which hit an all-time high of Rs 1,576 in the opening tick, traded close to Rs 10 lakh crore valuation. The scrip was up 0.7 per cent at Rs 1,571.


Globally, Asian stocks rose on Tuesday, bolstered by Wall Street's record closing highs and signs of new momentum in Beijing's and Washington's efforts to end their long and acrimonious trade dispute.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent to a one-week high. Australian shares were up 0.9 per cent, while Japan's Nikkei stock index rose 0.91 per cent.