Sensex jumps 140 points, Nifty races towards 9700 on monsoon cheer

BSE Sensex opens higher

RBI maintains short-term lending rate, cuts SLR

Among the public sector bank stocks, Punjab National Bank rose the most by 1.77 per cent, followed by Bank of Baroda whose stock rose by 1.40 per cent. Shares of private banks like ICICI Bank, IndusInd Bank, and Axis Bank rose anywhere between 0.5 per cent to two per cent, with Federal Bank registering the biggest gain.

But the market's record-setting spree short-lived and the 30-share Sensex shed almost 119 points to end at 31,190.56, while Nifty slumped nearly 38 points to finish at 9,637.15.

The 30-share BSE Sensex opened higher at 31,316.91 points and lost 57.92 points or 0.19 per cent to close at 31,213.36 points, while the 50-share NSE Nifty opened higher at 9,682.40 points and slipped 16.65 points or 0.17 percent, to close at 9,647.25 points.

Mumbai: In a volatile session, the BSE benchmark Sensex Thursday fell by almost 58 points to 31,213 on profit-booking in recent gainers by investors, who maintained a cautious stance ahead of United Kingdom polls and the European Central Bank meeting. Later today, elections in the United Kingdom will get under way, the European Central Bank will hold its meeting. "Investors can continue to accumulate good stocks on every dip, as the underlying sentiments remain positive", Manglik added.

Domestic institutional investors (DIIs) had also bought shares worth a net Rs 166.22 crore as per provisional data.

A total of 59 stocks registered a fresh 52-week high in trade on Thursday, while 23 stocks touched a new 52-week low on the NSE.

Major losers were Tata Motors 3.58%, NTPC 2.65%, ONGC 2.28%, ITC 2.05%, L&T 1.60%, Sun Pharma 1.53%, Reliance 1.17%, Bharti Airtel 1.07%, Power Grid 0.93%, Bajaj Auto 0.88%, M&M 0.83% and Hero Motoco 0.70%. Healthcare stocks rise with BSE Healthcare index rising by 1.34% to trade at 13988.19 points.

Market breadth was negative with 1,067 advances against 888 declines.

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