Snapping its four-session rising streak, fairness benchmark Sensex ended 149 factors decrease on Thursday, monitoring losses in index majors Reliance Industries, Infosys and ICICI Bank amid weak cues from international markets.
The 30-share BSE index settled 148.82 factors or 0.37 per cent decrease at 40,558.49. The broader NSE Nifty slipped 41.20 factors or 0.35 per cent to 11,896.45.
IndusInd Bank was the highest laggard within the Sensex pack, shedding round three per cent, adopted by ICICI Bank, Titan, Infosys, HDFC Bank, Nestle India, Sun Pharma and Reliance Industries.
On the opposite hand, NTPC, Bharti Airtel, Bajaj Finance and Axis Bank have been among the many gainers.
“Indian markets traded on a negative note following benign Asian and global market cues as IMF on Wednesday downgraded its forecast for Asia-Pacific region to (-) 2.2 per cent in 2020,” stated Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.
During the afternoon session, markets tried briefly to reduce losses however failed and remained lacklustre with slender vary, he added.
On the worldwide entrance, bourses in Shanghai, Tokyo and Seoul ended within the crimson, whereas Hong Kong settled on a optimistic notice.
Stock exchanges in Europe have been additionally buying and selling with losses in early offers.
Meanwhile, worldwide oil benchmark Brent crude was buying and selling 0.22 per cent greater at USD 41.82 per barrel.
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