Share Market Highlights 2nd April 2024: Sensex, Nifty retreat after three-day rally; profit-taking dominates
April 2nd, 2024 17:27
Sensex, Nifty updates on 2nd April 2024: Indian benchmark indices, Sensex and Nifty, faced a downturn on Tuesday after three days of gains, influenced by profit-taking, weak trends in US markets and foreign fund outflows. At 3:50 p.m., in a listless trade, the BSE Sensex dropped 110.64 points to 73903.91, while the NSE Nifty declined 8.70 points to 22,453.30. On Monday, both indices had reached all-time highs, driven by a surge in metal companies following positive manufacturing data from China and a moderation in a key US inflation reading. Analysts expect the upcoming earnings season, starting next week and monthly business updates to sustain market momentum.
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