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Sensex ends lower; banks drag

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Reuters MUMBAI

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)

 

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

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