Led by losses in banks and financials, and after the US Fed projections turned out to be harsher than expected, domestic indices ended in the red for the second day in a row on Thursday. While the Sensex ended 337 points lower, Nifty declined 0.5% to end the weekly expiry day above 17,600.
twins contributed over half to Sensex’s loss today as traders dumped bank stocks. Nifty Bank and Nifty Financial Services each ended 1.4 per cent lower. IT and realty stocks were also under pressure while auto, FMCG, media, metals and pharma counters provided support to the market.
twins contributed over half to Sensex’s loss today as traders dumped bank stocks. Nifty Bank and Nifty Financial Services each ended 1.4 per cent lower. IT and realty stocks were also under pressure while auto, FMCG, media, metals and pharma counters provided support to the market.
The broader market, on the other hand, seemed unaffected by the downturn in the rest of the world markets. Nifty Midcap100 index ended 0.34 per cent higher while Nifty Smallcap100 advanced 0.6 per cent.
Amid the surge in US bond yields and the US dollar index, the Indian rupee ended at record closing low and tanked 99 paise to close at all-time low of 80.95.
More to come…