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Sensex snaps six sessions of gains; IT stocks, lenders drag

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Reuters

REUTERS - Indian shares fell on Thursday, snapping a six-session record-setting rally, as investors booked profits in IT stocks, while large state-run lenders slid as they stood to receive less money than expected from a government recapitalisation plan.

Caution also prevailed ahead of the expiry of futures and options contracts.

The broader NSE index closed down 0.15 percent at 11,069.65, but ended the week 1.61 percent higher.

The benchmark BSE index ended 0.31 percent lower at 36,050.44, but gained 1.52 percent this week.

Both indexes posted their fourth consecutive weekly gain.

Indian share markets will be closed on Friday for a public holiday.

 

(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Subhranshu Sahu)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 25 2018 | 3:55 PM IST

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