HomeBusinessNifty Retreats after hitting 18K

Nifty Retreats after hitting 18K

 The index had hit 17,000 on August 31, 2021 and 16,000 on August 3, 2021. (Picture: PTI/File)

Mumbai: The Nifty-50 Index rallied above the 18000- mark for the primary time and touched a excessive of 18,041.95 aided by financials, auto and energy sector shares however later weak world cues, weakening of rupee  and earnings season uncertainties led to revenue taking.

The index lastly closed at 17,945.95 up 50.75 factors or 0.28 per cent.

 

The index had hit 17,000 on August 31, 2021 and 16,000 on August 3, 2021, making the final 1000 factors journey second quickest since its launch.

Good earnings expectations lifted Nifty Financial institution (1.37 per cent), Auto (2.67 per cent) and Metallic (1.50 per cent) indices.

Tata Motors gained 9.10 per cent at near Rs 417.80 whereas index heavy weight Reliance Indus-tries made a brand new life time excessive of Rs 2,720 earlier than revenue taking.

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