Markets turn flat after rallying in early trade

Benchmark equity indices climbed in early trade on Thursday but faced highly volatile trends and were soon trading flat
Markets decline in early trade on profit taking after record-breaking rally
Markets decline in early trade on profit taking after record-breaking rallyFile/ PSUWatch

New Delhi: Benchmark equity indices climbed in early trade on Thursday but faced highly volatile trends and were soon trading flat amid the lack of any immediate market moving triggers.

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The 30-share BSE Sensex climbed 250.72 points to 77,588.31 in early trade. The NSE Nifty went up by 71.7 points to 23,587.70.

Among the 30 Sensex companies, Kotak Mahindra Bank, Tata Motors, UltraTech Cement, HDFC Bank, Mahindra & Mahindra and Reliance Industries were among the biggest gainers.

Sun Pharma, Power Grid, Bajaj Finserv and Bajaj Finance were among the laggards.

US markets markets were closed on Wednesday in observance of Juneteenth.

Rallying for the fifth straight session on Wednesday, the BSE benchmark climbed 36.45 points or 0.05 percent to settle at a new closing high of 77,337.59. During the day, it soared 550.49 points or 0.71 percent to hit the fresh lifetime peak of 77,851.63.

The Nifty ended at 23,516, down 41.90 points or 0.18 percent. Intra-day, it rose 106.1 points or 0.45 percent to hit a new record of 23,664.

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