NEW DELHI: Benchmark indices continued to display weakness on Thursday as well. Global cues were discouraging as the Evergrande crisis remains an overhang while the US dollar keeps climbing up. There was also some volatility ahead of F&O expiry.
Sectorally, buying was concentrated in pharma, PSU banks and realty. Others like metal and private banks were under pressure. However, broader markets saw momentum.
The 30-share pack Sensex fell 286.91 points or 0.48 per cent to close at 59,126.36. The index gyrated in a range of 538 points. Its broader peer NSE Nifty declined 93.15 points or 0.53 per cent to 17,618.15.
“Worries over the US debt ceiling crisis and uptick in bond yield triggered further consolidation. The domestic market also got vigilant ahead of the release of August’s core sector output data,” said Vinod Nair, Head of Research at Geojit Financial Services.
Market at a glance:
- Bajaj twins hog limelight, gain over 2 per cent
- Power Grid sees profit booking; ends nearly 3 per cent down
- IPO watch: Aditya Birla AMC subscribed 97 per cent so far
- Paper stocks rally after DGTR recommends anti-dumping duty
- Zee Entertainment ends 2 per cent lower as Invesco drags it to NCLT
MORE TO COME…
