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From the 30-Sensex firms, Bajaj Finance, Tech Mahindra, Hindustan Unilever, Infosys, Bajaj Finserv and Bharti Airtel were among the major laggards.
Stock Market Today.
Benchmark stock indices Sensex and Nifty closed marginally lower after a volatile session on Thursday, driven by profit-taking in select IT, financial, and oil & gas shares. The 30-share BSE Sensex declined 135.03 points, or 0.18 per cent, to settle at 75,183.36. During the day, it hit a high of 75,945.79 and a low of 74,996.78, gyrating 949.01 points.
The 50-share NSE Nifty skidded 4.30 points, or 0.02 per cent, to end at 23,654.70.
From the 30-Sensex firms, Bajaj Finance, Tech Mahindra, Hindustan Unilever, Infosys, Bajaj Finserv and Bharti Airtel were among the major laggards.
InterGlobe Aviation, Trent, Bharat Electronics and Adani Ports were among the winners.
“Indian equity markets witnessed another volatile session today, with benchmark indices surrendering their strong opening gains as positive global cues collided with persistent macroeconomic concerns and strong resistance at higher levels,” Hariprasad K, Research Analyst and Founder, Livelong Wealth, said.
Broader markets were also rangebound as the BSE SmallCap Select index climbed 0.48 per cent, while the MidCap Select index ended almost unchanged.
Among sectoral indices, IT declined the most, by 0.53 per cent, followed by Focused IT (0.52 per cent), MidSmall Private Banks Quality Tilt (0.46 per cent), Utilities (0.42 per cent), FMCG (0.42 per cent), and Bankex (0.24 per cent).
However, Services jumped 1.59 per cent, followed by Capital Goods (1.29 per cent), Industrials (1.08 per cent), Commodities (0.91 per cent) and Telecommunication (0.80 per cent).
“Markets remained volatile and ended largely flat for yet another session on Thursday, extending the ongoing consolidation phase amid mixed global cues. The Nifty opened firm following stability in global markets; however, selling pressure in heavyweight counters across sectors capped the upside and gradually dragged the index lower as the session progressed,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
Persistent foreign institutional outflows, elevated global bond yields, and concerns over inflationary pressures arising from high fuel prices continued to keep the undertone cautious, he added.
Brent crude, the global oil benchmark, declined 0.71 per cent to USD 104.3 per barrel.
“Indian markets opened on a positive note but failed to hold higher levels as geopolitical tensions, weak global cues and persistent selling pressure dragged indices lower throughout the session,” Gaurav Garg, Lemonn Markets Desk, said.
The Nifty witnessed strong selling activity from the 23,850 zone, confirming a clear downtrend structure in the broader market. Investor sentiment remained cautious amid rising crude oil prices, continued rupee weakness and concerns over foreign fund outflows, Garg said.
In Asian markets, South Korea’s benchmark Kospi and Japan’s Nikkei 225 index ended higher. The Kospi surged over 8 per cent.
Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index ended lower.
Markets in Europe were trading in positive territory. US markets ended significantly higher on Wednesday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,597.35 crore on Wednesday, according to exchange data.
On Wednesday, the 30-share BSE benchmark climbed 117.54 points, or 0.16 per cent, to settle at 75,318.39. The Nifty edged higher by 41 points, or 0.17 per cent, to end at 23,659.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
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