A view of the Bombay Stock Exchange.
Equity benchmark indices declined almost 1 per cent on March 15 after a day’s breather amid weak global market developments and foreign fund outflows.
The 30-share BSE Sensex declined 453.85 factors or 0.62% to settle at 72,643.43 after a weak starting. During the day, the benchmark tanked 612.46 factors or 0.83% to 72,484.82.
The NSE Nifty dropped 123.30 factors or 0.56% to 22,023.35.
From the Sensex basket, Mahindra & Mahindra, Tata Motors, NTPC, HCL Technologies, Larsen & Toubro, Infosys, Tech Mahindra and State Bank of India had been the main laggards.
Bharti Airtel, Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and IndusInd Bank had been among the many gainers.
In Asian markets, Seoul, Tokyo and Hong Kong settled decrease, whereas Shanghai ended within the inexperienced.
European markets had been buying and selling with marginal beneficial properties. The US markets ended within the destructive territory on Thursday.
Foreign Institutional Investors (FIIs) offloaded equities price Rs 1,356.29 crore on Thursday, in response to alternate knowledge.
In the broader market, the BSE midcap gauge slipped 0.51 per cent whereas the smallcap index went up by 0.25 per cent.
“Cautiousness towards mid & smallcaps continued to drag market sentiment, dampening the broader market. However, the moderation in global commodity prices and the upward revision of India’s GDP for FY25 are poised to highlight robust domestic demand, potentially supporting a rebound once the broader market attains stability,” mentioned Vinod Nair, Head of Research, Geojit Financial Services.
Global oil benchmark Brent crude dipped 0.68% to $84.84 a barrel.
The BSE benchmark climbed 335.39 factors or 0.46% to settle at 73,097.28 on Thursday. The NSE Nifty gained 148.95 factors or 0.68 per cent to 22,146.65.
