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Indices snap 8-day rally; Sensex slips 236 pts post FM's stimulus measures

All that happened in the markets today

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Markets | Eicher Motors | RBI

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

(Photo: Kamlesh Pednekar)
(Photo: Kamlesh Pednekar)
After rallying for eight sessions in a row, the domestic equity market took a breather on Thursday as it ended around 0.5 per cent lower even as Finance Minister Nirmala Sitharaman announced 12 measures under 'AtmanirbharBharat 3.0' to revive the economy. READ MORE

Among headline indices, the S&P BSE Sensex settled 236 points, or 0.54 per cent lower at 43,357 levels while NSE's Nifty ended at 12,691, down 58 points, or 0.46 per cent. India VIX dropped nearly 6.5 per cent to 20.6 levels. 

The broader market, however, fared better than the headline indices. The S&P BSE MidCap index ended 0.5 per cent higher at 15,741 levels while the S&P BSE SmallCap index rallied over 1 per cent to 15,466 points.

Sectorally, Nifty PSU Bank index slipped the most - down over 2 per cent to 1,400 levels while Nifty Bank fell 2 per cent to 28,279 points. 

Global markets 

Global shares were on course on Thursday to end their longest winning streak in over a year, one that has lifted them more than 10%, as the post-U.S. election and coronavirus vaccine bull run paused. 
 
For the first time in November, MSCI’s 49-country world index was in the red. Asia had finished flat.

In commodities, gold prices edged up, after dropping over 1 per cent in the previous session, as concerns over the economic fallout from surging Covid-19 cases outweighed positive development around a vaccine.

Oil prices fell, snapping three consecutive daily gains, as traders tempered expectations of an early release of a Covid-19 vaccine and the IEA raised doubts about a quick demand rebound amid surging infections in Europe and the United States.

(With inputs from Reuters)

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