The Indian fairness benchmarks ended decrease on final day of the present monetary yr as rising bond yields in US stoked fears of international outflows from rising markets like India. Rising greenback towards th rupee additionally dampened traders’ sentiment, analysts stated. The benchmarks opened decrease and prolonged losses within the final hour of commerce whereby the Sensex fell as a lot as 694 factors and Nifty 50 index ended under its essential psychological degree of 14,700. HDFC Bank, HDFC, Reliance Industries, Infosys, ICICI Bank and Kotak Mahindra Bank have been among the many prime drags on the Sensex.
The Sensex ended 627 factors decrease at 49,509 and Nifty 50 index dropped 154 factors to shut at 14,691.
For the monetary yr 2020-21, Sensex has rallied 75 per cent and Nifty has jumped 78 per cent, making it the very best fiscal yr for fairness markets in over a decade regardless of Covid-19 pandemic.
