City
Epaper

Profit booking subdues indices; telecom stocks down

By IANS | Updated: December 3, 2021 14:10 IST

New Delhi, Dec 3 Profit booking subdued India's key equity indices "S&P BSE Sensex and NSE Nifty50" during ...

Open in App

New Delhi, Dec 3 Profit booking subdued India's key equity indices "S&P BSE Sensex and NSE Nifty50" during Friday's post-noon trade session.

Accordingly, the recent upsurges in the market triggered a bout of profit booking.

Besides, volumes continued to be subdued.

Amongst sectors, Metals, Capital Goods have risen the most, while Telecom and Healthcare have lost the most.

At 1.30 p.m., the S&P BSE Sensex traded at 57,994.65 points, down 0.80 per cent from its previous close of 58,461 points.

Similarly, the broader 50-scrip Nifty at the National Stock Exchange (NSE) traded in the red. It was down 0.68 per cent to 17,283.95 points.

"The market now days shows cautiousness because of new omicron variant of Covid-19," said Gaurav Garg, Head of Research, CapitalVia Global Research Limited

"Some investors are still cautious about the impact Omicron could have in disrupting trade, travel and economic activity."

According to Deepak Jasani, Head of Retail Research, HDFC Securities: "Nifty gave up morning gains on December 03 and went into negative as traders booked profits post recent upmove."

"Traders awaited a key jobs report that could stoke expectations for a quicker reduction in Federal Reserve stimulus."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: DECS&pDeepak jasaniindiaNew DelhiThe new delhi municipal councilDelhi south-westIndiUk-indiaRepublic of indiaGaurav gargIndia india
Open in App

Related Stories

InternationalUS Government Shutdown: US Embassy in India’s X Account to Pause Regular Updates Until Full Operations Resume

CricketIND vs PAK 2025 Live Streaming: Head-to-Head Record, When and Where to Watch India vs Pakistan Asia Cup Final

NationalRajnath Singh and Abdeltif Loudiyi Sign MoU on Defence Cooperation; Focus on Counter-Terrorism, Cyber Security, and Maritime Safety (Watch Video)

CricketIND vs PAK 2025 Live Streaming: Head-to-Head Record, When and Where to Watch India vs Pakistan Asia Cup Super 4 Clash

MumbaiNamo Yuva Yatra: Milind Soman Flags Off Campaign in Mumbai, Says ‘Theme of a Drug-Free India Is Very Important’ (Watch Videos)

International Realted Stories

InternationalGlobal voices call for urgent action to safeguard women and children in Pakistan and Bangladesh

InternationalDeputy Chairman highlights India's progress in disaster management, urges global action for stronger disaster preparedness

International"Democrats did nothing to help us": JD Vance on federal govt shutdown

International"Pure partisan politics played by Democratic party: White House on US govt shutdown

InternationalAfghanistan restores internet after 72-hour nationwide blackout