Sensex Today: Domestic equity markets wiped off opening gains to edge lower in Thursday’s intra-day trade. The S&P BSE Sensex declined 810 points from the day’s high to hit a low of 59,866 during the day. It, eventually, recouped some of the losses to end at 59,934, down 413 points or 0.68 per cent.
The NSE Nifty, meanwhile, hit a low of 17,861, but ended at 17,877, down 126 points or 0.73 per cent.
IT, pharma, and select metal stocks reeled under pressure today with Hindalco, Infosys, Cipla, Tech M, Tata Steel, Divis Labs, and Apollo Hospitals leading the list of Nifty losers. Additional losers were Hero MotoCorp, Bajaj Finserv, Bajaj Auto, Titan, HDFC Life, and IndusInd Bank, and Bajaj Finance.
On the upside, banking and auto stocks zoomed with Maruti Suzuki, Eicher Motors, HDFC, SBI, ICICI Bank, and M&M rising up to 2.6 per cent. Adani Ports, NTPC, PowerGrid, Grasim, and Coal India were other gainers.
In the broader markets, the BSE MidCap and SmallCap indices advanced 0.3 per cent, and 0.06 per cent, respectively.
Global Cues
Asia’s stock markets were steady but fragile on Thursday, a day after their biggest drawdown in three months as investors weighed the risk of the Federal Reserve announcing a 100 basis point interest rate hike next week to tackle sticky inflation.
Tokyo shares opened higher Thursday, trailing gains on Wall Street and rebounding from sharp losses the previous day on worries about US inflation. The benchmark Nikkei 225 index added 0.25 percent, or 69.19 points, to 27,887.81 in early trade, while the broader Topix index rose 0.11 percent, or 2.14 points, at 1,949.60.
Wall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched the flow of Tuesday’s sell-off and investors pressed the “pause” button.
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