Amid global market weakness, indices tumble over 1%
Benchmark indices tumbled over 1% on Thursday marking their fourth consecutive session of decline. The decline came amid global market weakness weighing heavily on investor sentiment.
Benchmark indices ended higher but off day’s high after no major announcement from the Cabinet.
At close, the Sensex was up 82.79 points at 36,563.88, while Nifty was up 23.10 points at 10,840.70. About 1236 shares have advanced, 1227 shares declined, and 156 shares are unchanged.
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Tata Steel, BPCL, Vedanta, JSW Steel, and IOC were among major gainers, while losers were Britannia Industries, Coal India, ONGC, Eicher Motors and Yes Bank.
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Except for pharma, all other sectoral indices ended in the green led by the metal, IT, infra, energy, auto, and bank.
The Indian rupee is trading near day’s high at 71.26, up 52 paise against a previous close 71.78.
(With input from agencies)
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