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Closing Bell:
Finally, the BSE Sensex ended with a loss of 67 points at 27,984. The BSE Sensex opened at 28,112 touched an intra-day high of 28,131 and low of 27,926.
The NSE Nifty closed with a loss of 19 points at 8,659. The NSE Nifty opened at 8,698 hit a high of 8,699 and low of 8,637. The Nifty50 slipped below 8,650 mark tracking cues from a weak opening in the European equity markets.
The Indian stock market swung between gains and losses on account of profit taking after making a higher opening mirroring positive trend among global peers. The domestic market opened flat on Wednesday after GST council proposed a 'four-slab structure,' with two standard goods and services tax rates of 12% and 18% during its meet on Tuesday.
At 1:27 PM, the S&P BSE Sensex is trading at 27,940 down 111 points, while NSE Nifty is trading at 8,664 down 14 points. The BSE Mid-cap Index is trading down 0.35% at 13,498 whereas BSE Small-cap Index is trading up 0.34% at 13,324.
The Sensex pared gains after rallying over 50 points, while The Nifty turned choppy but was still trading above its crucial psychological support level of 8,650 levels. GAIL, Wipro, Sun Pharma, Lupin, Axis Bank and ONGC are among the gainers, whereas ITC, ICICI Bank, M&M, Hero MotoCorp, and TCS are losing sheen on BSE.
Some buying activity is seen in pharma, oil & gas, power, consumer durables and energy sectors, while auto, realty, banking, IT, industrial and telecom are showing weakness on BSE.
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