Sensex ends 420 pts lower, Nifty 50 settles below 18,000 level - Economic Times

Apprehensions about US inflation data ahead of its release later in the day pushed benchmark equity indices into the red for the second consecutive day on Thursday. Selling pressure was seen across all sectors.

The 30-share Sensex ended 420 points lower at 60,614 while its broader peer Nifty 50 ended at the 18,000 level.

Among Sensex stocks,

, M&M, , , , , SBI and Corp were the top losers in today’s trading session, falling around 1.5-3.5%. , L&T, , ITC also settled lower.

On the other hand,

, , , Dr Reddy’s Lab, and ended the session with gains.

Sectorally, the Nifty Auto dropped 1.95% and Nifty PSU Bank declined 1.28%. Nifty Pharma and Nifty Consumer Durables also closed lower. In the broader market, Nifty Midcap50 fell 0.97% and Smallcap50 dropped 1.35%.

“Following sluggish global markets, the cautious mood persisted in the domestic market. Losses on Dalal Street were led by profit booking in auto and PSU banks, while selling in mid and small caps followed the trend,” Vinod Nair, Head of Research at

, said.
Investors around the globe are awaiting US inflation data, which is expected to slow for the fourth month, which can have a positive lead. Nair added.

Earlier in Asian markets, Japan’s Nikkei 225 fell 0.98%, China’s Shanghai Composite plunged 0.39% and South Korea’s Kospi drooped 0.91%.

The Indian rupee today weakened to reverse most of last day’s gains owing to dollar demand from banks and importers. The rupee ended at 81.80 per dollar against its previous close of 81.43. While the Brent crude January futures fell 0.51% to $92.17 per barrel.

The market breadth was skewed in favour of bears. About 2,201 stocks declined, 1,263 gained and 128 remained unchanged.

The market capitalisation of all listed companies on the BSE declined by Rs 2.41 lakh crore to Rs 281.60 lakh crore.

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Sensex ends 420 pts lower, Nifty 50 settles below 18,000 level - Economic Times
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