Sensex closes 523 points lower on profit taking

Feb 12, 2024

Mumbai: Sensex fell 523 points on Monday take advantage In Metal And banking shares amid mixed trends global market,
The Sensex closed 0.7% lower at 71,072 as 22 of its components closed in the red and eight in the green. The barometer opened higher and touched a high of 71,757 in early trade. However, profit-booking in Reliance Industries, metal giants and banking stocks dragged the index to a low of 70,923 during intra-day trade. The Nifty also fell 166 points or 0.8% to 21,616, with 34 of its components in the red. “The reduction in positions has been due to increase in exchange margin requirements, mainly in mid- and small-caps,” said Vinod Nair, head of research at Geojit Financial Services.

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