Sensex ends lower; banks drag

Image
Reuters MUMBAI
Last Updated : Mar 20 2014 | 3:49 PM IST

MUMBAI (Reuters) - The BSE Sensex ended lower on Thursday, retreating further from record highs hit at the start of the week, on worries U.S. interest rates would rise sooner than expected and dent the appeal of higher-yielding emerging markets.

The benchmark BSE Sensex closed 0.37 percent lower at 21,753.12, while the broader Nifty ended 0.63 percent down at 6,483.10.

Recent outperforming blue chips such as banks and infrastructure stocks were among the leading losers after strong gains this month had sent the BSE Sensex and Nifty to record highs on Tuesday.

(Reporting by Indulal PM; Editing by Subhranshu Sahu)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 20 2014 | 3:40 PM IST

Next Story