The Indian equity market erased all previous session gains and ended on a negative note in Thursday’s volatile session. At close, the Sensex was down 440.38 points or 0.66 percent at 66,266.82, and the Nifty was down 118.40 points or 0.60 percent at 19,659.90.
The top losers on the Nifty included M&M, Tech Mahindra, Tata Consumer Products, Nestle India and Britannia Industries, while gainers were Cipla, Sun Pharma, Divis Labs, Apollo Hospitals and Bharti Airtel.
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On the sectoral front, auto, oil & gas, bank and FMCG indices were down 0.5-1% each, while pharma and realty index was up 3%, and 2%, respectively. The BSE Midcap index rose 0.5%, while Smallcap index ended on a flat note.
The market had opened higher in the early trade morning in Thursday’s session. Sensex was up 207.26 points or 0.31% at 66,914.46, and the Nifty was up 68.00 points or 0.34% at 19,846.30.
Cipla, Bajaj Finance, Hindalco Industries, Infosys and Larsen and Toubro were among major gainers on the Nifty, while losers were M&M, Tech Mahindra, Tata Consumer Products, Hero MotoCorp and HUL.
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The Indian equity market had ignored the US Fed rate hike last night and opened on a fresh higher note. However, in mid session, the market slipped in red and extended into losses.
On the other hand, Indian Rupee ended 7 paise higher against the US dollar amid broader weakness in the greenback after the US Federal Reserve raised interest rates on the expected lines. The domestic currency ended at 81.93 as compared to the previous close of 82.00.