Indian markets end lower after Sensex, Nifty touch record high

File photo Photograph:( Reuters )

WION Web Team Mumbai, Maharashtra, India Nov 26, 2019, 04.58 PM (IST)

After opening with record gains, Indian ended lower due to losses in the IT sector even though global markets reacted positively on the hope of US-China trade deal.  

The BSE Sensex lost 67.93 points or 0.17 per cent lower to end at 40,821, while NSE Nifty fell 36.05 points or 0.30 per cent to close at 12,006.35.

Earlier on the day, Sensex opened with a rise of 200 points to breach 41,000 mark for the first time in its history. NSE 50 also touched a lifetime high of 12,132.45 in the early trade.

ICICI Bank was the biggest gainer in both Sensex and Nifty 50. Shares of IndusInd Bank, Tata Steel, HDFC, Hero Moto Co, HDFC, Asian Paints and  HUL also ended in green in the Sensex pack. Reliance Industries, Kotak Bank and SBI were the top losers.

GAIL, IndusInd Bank, Dr Reddy, among others were the winners, while, Infratel, Airtel and Grasim were the major losers in Nifty 50. Bharti Aritel's shares dropped 4.3 per cent after the credit rating agency ICRA, downgraded its rating from "AA" to "AA-". 

IT shares fell after the rupee firmed to 71.5387 against the US dollar. The Nifty IT index closed 1.18% lower, with India's second-most valuable company TCS losing 1.67%.

Earlier on Monday, BSE Sensex closed with a lifetime high of 40,889.23, while, NSE Nifty rose 164.10 points or 1.38 per cent to settle at 12,078.50 points. 

(with inputs from agencies)

Story highlights

Earlier on the day, Sensex opened with a rise of 200 points to breach 41,000 mark for the first time in its history. NSE 50 also touched a lifetime high of 12,132.45 in the early trade.