Sensex, Nifty end marginally lower; PowerGrid rallies 6%

After touching a lifetime high of 52,516.76 in the opening session, the 30-share BSE Sensex settled 49.96 points or 0.10% lower at 52,104.17

Equity benchmarks Sensex and Nifty ended marginally lower on Tuesday as investors booked profits at higher levels amid a mixed trend in global markets.

After touching a lifetime high of 52,516.76 in the opening session, the 30-share BSE Sensex settled 49.96 points or 0.10% lower at 52,104.17.

Similarly, the broader NSE Nifty inched 1.25 points or 0.01% lower to close at 15,313.45.

Axis Bank was the top laggard in the Sensex pack, shedding 2.42%, followed by ICICI Bank, Infosys, Nestle India, SBI, TCS and HUL.

On the other hand, PowerGrid rallied over 6%. ONGC, NTPC, Kotak Bank, Reliance Industries and Maruti Suzuki were among the other gainers.

“Market, though volatile, kept its momentum during the morning hours, however, failing to hold on to it due to a weak opening of European markets. The downfall was aggravated by private banks, IT…

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