Nifty IT Index ended 1.49% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) MINDTREE 994.05 1028.75 -34.70 -3.37 INFOSYS 1240.00 1274.80 -34.80 -2.73 TECH MAHINDRA 698.40 713.80 -15.40 -2.16 TCS 1785.00 1824.10 -39.10 -2.14 INFIBEAM INCORP. 151.90 153.90 -2.00 -1.30 Nifty sectoral losers of the day BSE Sensex: TCS, ICICI Bank, SBI among top losers of the day, Sun Pharma top gainer Market at close The S&P BSE Sensex ended at 35,600, down 139 points while the broader Nifty50 index settled at 10,808, down 49 points. Future Supply Chain, Hindustan Aeronautics hit lowest level since listing Shares of Future Supply Chain Solutions (FSC) and Hindustan Aeronautics (HAL) have hit their respective lowest values since their listing on the bourses. FSC, a Future Group Company, has dipped 7% to Rs 620 on the BSE. The stock made its debut on December 18, 2017, trading 7% lower against its initial public offer price of Rs 664 per share. READ MORE Euro zone bond markets brace for ECB shift, stimulus scheme nears end European government bond yields in the euro area edged up on Thursday as the European Central Bank prepared to debate whether to end its unprecedented stimulus scheme this year. On Wednesday the US Federal Reserve raised interest rates as expected, and signalled two more hikes this year, citing higher inflation. READ MORE
The S&P BSE Sensex ended at 35,600, down 139 points while the broader Nifty50 index settled at 10,808, down 49 points.
Among sectoral indices, the Nifty IT index ended 1.5% lower led by a fall in shares of MindTree, Tech Mahindra and Tata Consultancy Services.
Investors latched on to a change in Fed policymakers’ rates projections, which pointed to two additional hikes by the end of this year compared to one previously, based on board members’ median forecast.
DOMESTIC ECONOMIC DATA
Back home, the Wholesale inflation spiked to 4.43 per cent in May, from 3.18 per cent in April, according to the government data released on Thursday.
Meanwhile, India's current account deficit (CAD) rose to $13 billion (Rs 878 billion and 1.9 per cent of gross domestic product, or GDP) in the fourth and final quarter (Q4 of 2017-18), compared to $2.6 billion (Rs 176 billion and 0.4 per cent of GDP) in the same period of 2016 -17.
(with inputs from Reuters)