Stock Market Highlights - 5 September 2024: Sensex, Nifty settle lower on profit-taking

Sensex, Nifty, Share Prices: The Indian stock markets closed lower on Thursday, breaking their recent winning streak amid profit-taking and cautious sentiment ahead of key US economic data. The benchmark BSE Sensex ended 151.48 points or 0.18 per cent lower at 82,201.16, while the Nifty 50 fell 53.60 points or 0.21 per cent to close at 25,145.10.

The day’s trading session was marked by volatility, with the Nifty opening higher at 25,250.50 and touching an intraday high of 25,725, before succumbing to selling pressure. Shrikant Chouhan, Head of Equity Research at Kotak Securities, said, “Today, the benchmark indices witnessed intraday profit-booking at higher levels... A bearish candle on daily charts and lower top formation on intraday charts indicating weak sentiment, is likely to continue in the near future.”