- Global factors, crude oil, macro data to drive stocks this week: Analysts
- Sebi imposes fine of Rs 36 lakh on PGIM Asset Management and its CEO
- Import duty hike likely to weigh on stocks of gold jewellery retailers
- Markets end the day with tiny losses even as heavyweight RIL tanks 7%
- More upside in ITC stock with some help from stable taxation of cigarettes
- Banks, IT account for 93% of the Rs 2 trillion selloff by FPIs the past yr
- Rupee breaches 79, sheds 0.9% this week as FII outflows, CAD worries grow
- New Mauritius tax norms to hit PE investments in India, says IVCA
- Sebi extends last date for implementation of new pledging system to Sept 1
- Beaten down consumer durables still weak; Bajaj Electricals may buck trend
Sensex slips 144 pts as financial stocks, RIL decline; Nifty ends at 13,478
All that happened in the markets today
The domestic equity market ended in negative territory on Thursday, owing to a sell-off in counters such as HDFC Bank, Reliance Industries (RIL), ICICI Bank, Infosys, and HDFC.
The S&P BSE Sensex snapped its five-day rally to settle at 45,960 levels, down 144 points, or 0.31 per cent while NSE's Nifty ended at 13,478, down 51 points, or 0.38 per cent, thus breaking the seven-day gaining streak.
Among individual stocks, UPL ended nearly 11 per cent lower at Rs 438 on the BSE following a media report that stated whistleblower claimed the company’s promoters siphoned off money. READ MORE
In the broader market, the S&P BSE MidCap index ended 0.57 per cent lower at 17,495 levels while the S&P BSE SmallCap index closed at 17,463, down 114 points, or 0.65 per cent.
Among sectoral indices, Nifty FMCG gained the most - up 2.81 per cent to 34,054.80 levels while Nifty Realty ended 0.43 per cent higher at 290 levels. On the other hand, Nifty PSU Bank index slipped 1.54 per cent to 1,810 levels while Nifty Bank ended 0.65 per cent lower at 30,510 points.
Asian equities eased from record highs on Thursday as stalled US stimulus talks and a sell-off in tech stocks weighed.
In Europe, shares were little changed after a meeting between Britain and EU leaders on a trade deal failed to yield a breakthrough, while a European Central Bank (ECB) decision due later in the day kept investors from making big bets.
In commodities, oil prices rose above $49 a barrel as hopes of a faster demand recovery after the release of Covid-19 vaccines offset a huge rise in US crude inventories that showed supply remains ample.
(With inputs from Reuters)