- By Aditya Pratap Singh
- Thu, 28 Nov 2024 04:21 PM (IST)
- Source:JND
Stock Market: Domestic equity benchmark indices Sensex and Nifty surrendered early gains, falling nearly 1.50 per cent on Thursday amid a mixed trend in global equities, hit by sharp selling in market heavyweights Infosys, RIL and HDFC Bank. The BSE benchmark Sensex fell 1,190.34 points, or 1.48 per cent, to 79,043.74. The day tanked 1,315.16 points, or 1.63 per cent, to 78,918.92. The NSE Nifty fell 360.75 points, or 1.49 per cent, to 23,914.15.
Infosys, HCL Technologies, Mahindra & Mahindra, Tech Mahindra, Bajaj Finance, Adani Ports, Titan, Tata Consultancy Services, Reliance Industries and Power Grid were among the laggards from the 30-share Sensex pack.
State Bank of India was the only profitable bank. In Asian markets, Seoul and Tokyo settled in the green while Shanghai and Hong Kong ended on the lower end. There was more trading in the European market. U.S. markets ended lower on Wednesday. Declines in tech companies dragged down major U.S. indexes.
Foreign institutional investors bought equities worth Rs 7.78 crore on Wednesday, exchange data showed. Brent crude, the global oil benchmark, rose 0.49 per cent to US$73.18 a barrel. The benchmark BSE rose 230.02 points, or 0.29 per cent, to 80,234.08 on Wednesday. The Nifty rose 80.40 points, or 0.33 per cent, to 24,274.90.
The rupee depreciated 9 paise to close at 84.49 (provisional) against the US dollar on Thursday on negative sentiments in the domestic equity market and broad-based strength of the greenback overseas. At the Interbank Foreign Exchange (forex) market, the local unit opened at 84.45 and touched an intra-day low of 84.50 against the US dollar.
The unit ended the day at 84.49 (provisional) against the dollar, down 9 paise over its previous close of 84.40. It had hit a low of 84.50 on 21 November. The rupee had fallen 11 paise to close at 84.40 against the US dollar on Wednesday.
(With inputs from PTI)
