A view of the Bombay Stock Exchange constructing in Mumbai | File Photo
Market benchmarks ended nearly 1 per cent decrease on Thursday amid weak development in global equities and steady foreign fund outflows.
The BSE Sensex tumbled 501.73 factors or 0.84 per cent to settle at 58,909.35. During the day, it tanked 544.82 factors or 0.91 per cent to 58,866.26.
The NSE Nifty declined 129 factors or 0.74 per cent to finish at 17,321.90.
From the Sensex pack, Maruti, Axis Bank, Tata Consultancy Services, Nestle, Infosys, Mahindra & Mahindra, Tech Mahindra and Bharti Airtel had been the main laggards.
Power Grid, Sun Pharma, HCL Technologies, Larsen & Toubro and ExtremelyTech Cement had been the gainers.
In Asian markets, Japan, China and Hong Kong ended decrease, whereas Seoul settled within the inexperienced.
Stock markets in Europe had been buying and selling decrease through the afternoon commerce. The U.S. markets had ended principally decrease on Wednesday.
“Global markets turned back to selling mode with the U.S. 10-year bond yield crossing 4 per cent as a fresh set of U.S. data suggested that inflation will remain elevated for a longer period. Rising bond yields are driving foreign money out of emerging markets, and as a result, FIIs were net sellers in the domestic market for the sixth consecutive day,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.
International oil benchmark Brent crude superior 0.51 per cent to $84.74 per barrel.
Foreign Portfolio Investors (FPIs) once more offloaded shares price ₹424.88 crore on Wednesday, in accordance with alternate information.
