Equity benchmark indices closed lower on Thursday after a highly volatile trading session, with investors booking profits in several blue-chip stocks and erasing the gains made during early trade.
The 30-share BSE Sensex fell 135.03 points, or 0.18 per cent, to settle at 75,183.36. During the session, the index touched an intraday high of 75,945.79 and a low of 74,996.78, swinging nearly 950 points amid sharp fluctuations. The broader Nifty 50 also ended marginally lower, slipping 4.30 points, or 0.02 per cent, to close at 23,654.70. Among the Sensex constituents, major laggards included Bajaj Finance, Tech Mahindra, Hindustan Unilever, Infosys, Bajaj Finserv and Bharti Airtel.
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On the other hand, shares of InterGlobe Aviation, Trent, Bharat Electronics and Adani Ports and Special Economic Zone emerged as notable gainers. According to Hariprasad K, Research Analyst and Founder of Livelong Wealth, Indian equity markets witnessed another turbulent session as positive global cues clashed with persistent macroeconomic concerns and resistance at higher market levels.
Meanwhile, Brent Crude prices slipped 0.71 per cent to trade around USD 104.3 per barrel. In Asian markets, South Korea’s benchmark Kospi and Japan’s Nikkei 225 closed higher, with the Kospi surging more than 8 per cent. However, China’s Shanghai SSE Composite index and Hong Kong’s Hang Seng index ended in negative territory. European markets were trading with gains during the session, while US markets had ended sharply higher on Wednesday, providing supportive global cues at the start of trade.
According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 1,597.35 crore on Wednesday, continuing their cautious stance in the Indian market. In the previous session on Wednesday, the Sensex had risen 117.54 points, or 0.16 per cent, to settle at 75,318.39, while the Nifty gained 41 points, or 0.17 per cent, to close at 23,659.
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