Kamal Ghorui
Benchmark indices Sensex and Nifty closed lower on Thursday, breaking a three-session winning streak as weak global market cues weighed on sentiment. After opening on a weak note, the 30-share BSE Sensex extended losses, falling 503.76 points or 0.60 per cent to settle at 83,313.93. During intraday trade, it dropped as much as 666.07 points or 0.79 per cent to 83,151.62. The NSE Nifty also ended in negative territory, declining 133.20 points or 0.52 per cent to close at 25,642.80.
Nifty50 top gainers
- Trent (2.96%)
- Max Healthcare (1.50%)
- Tata Steel (1.13%)
- JSW Steel (0.95%)
- ONGC (0.85%)
- Jio Financial Services (0.73%)
- Grasim Industries (0.67%)
- Cipla (0.50%)
- SBI (0.44%)
- Dr Reddys (0.38%)
Nifty50 top losers
- Hindalco (-3.01%)
- Eternal (-2.49%)
- Bharti Airtel (-1.66%)
- BEL (-1.53%)
- SBI Life (-1.18%)
- ITC (-1.17%)
- Titan Company (-1.12%)
- Infosys (-1.03%)
- Eicher Motors (-0.94%)
- Bajaj Finserv (-0.93%)
BSE Sensex top gainers
- Trent (2.96%)
- Tata Steel (1.13%)
- SBI (0.44%)
- Bajaj Finance (0.15%)
- Tech Mahindra (0.06%)
- M&M (0.03%)
BSE Sensex top losers
- Eternal (-2.49%)
- Bharti Airtel (-1.66%)
- BEL (-1.53%)
- ITC (-1.17%)
- Titan Company (-1.12%)
- Infosys (-1.03%)
- Bajaj Finserv (-0.93%)
- RIL (-0.92%)
- ICICI Bank (-0.85%)
- Asian Paints (-0.84%)
- HCL Tech (-0.73%)
Across Asia, South Korea’s Kospi ended nearly 4 per cent lower. Japan’s Nikkei 225 and Shanghai’s SSE Composite also finished lower, while Hong Kong’s Hang Seng closed higher. European markets were trading in the red.“Indian equities saw consolidation, as weakness was followed by a sharp rally in recent sessions driven by optimism around the US–India trade deal, suggesting profit booking was at play. Global cues added further pressure, with concerns over a broad-based tech sell-off in international markets and heightened US–Iran tensions leading to risk-off sentiment,” Vinod Nair, Head of Research, Geojit Investments Limited, said, PTI quoted .US markets ended mostly lower on Wednesday. The Nasdaq Composite index fell 1.51 per cent and the S&P 500 declined 0.51 per cent, while the Dow Jones Industrial Average rose 0.53 per cent.Market participants are now turning their focus to the upcoming RBI policy meeting, Nair added.“Indian equity markets traded in a tight range, signalling a wait-and-watch phase as investors remained cautious in the absence of fresh domestic triggers. While overall sentiment remained stable, the benchmarks struggled to sustain momentum at higher levels, reflecting a lack of follow-through buying despite earlier positives,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.Market participants are staying cautious, awaiting clearer signals from global macro trends, foreign institutional flows and developments around US–Iran negotiations to gauge the next market direction, he added.Foreign institutional investors bought equities worth Rs 29.79 crore on Wednesday, according to exchange data, while Domestic Institutional Investors (DIIs) purchased shares worth Rs 249.54 crore in the previous session.
