The broader NSE Nifty ended 6.15 points or 0.04% lower at 17,382.
The broader NSE Nifty ended 6.15 points or 0.04% lower at 17,382.
Equity benchmarks closed their six-session rally marginally lower on Thursday amid profit-booking in banking and energy counters.
Investors also remained on edge ahead of the outcome of RBI’s policy meeting on Friday.
In early trade, the 30-share BSE Sensex closed 51.73 points or 0.09% lower at 58,298.80. During the day it touched a low of 57,577.05 and a high of 58,712.66.
The broader NSE Nifty ended 6.15 points or 0.04% lower at 17,382.
“Taking gains after 6-session gains finally came into play, as rate-sensitive sectors such as banking and realty faltered ahead of the outcome of RBI’s policy meeting on Friday. Major indices ended most of their losses in other Asian markets. “European indices supported the sentiment,” said Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities Ltd.
NTPC, State Bank of India, Axis Bank, Reliance Industries, Power Grid and Kotak Mahindra Bank were among the Sensex constituents.
Sun Pharma, Nestle, Infosys, Dr Reddy’s, Wipro and Mahindra & Mahindra were among the major gainers.
Taking positive momentum from strong US economic data, domestic markets opened with gains, while concerns over US-China conflict put investors on the defensive, leading to heavy volatility. Weak PMI and trade deficit data weighed on the Indian rupee. There was pressure and equity markets,” said Vinod Nair, Head of Research, Geojit Financial Services.
In Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong closed in the green.
European stocks were mostly trading higher during mid-session deals. On Wednesday, the US markets closed with a lot of momentum.
Meanwhile, international oil benchmark Brent crude fell 0.28% to $96.51 a barrel.
Foreign institutional investors remained net buyers in the capital market as they bought shares worth Rs 765.17 crore on Wednesday, according to exchange data.