Having said that, Sensex managed to end the day above 33,000, while the Nifty ended just above 10,100.
A selloff in the last hour, amid a volatile day overall, forced the market to end on a negative note on Thursday. Indices failed to sustain any recovery that was visible in the past two sessions. Additionally, a hike of key interest rates by US Federal Reserve by 25 basis points also aided the bearish sentiment on D-Street.
Having said that, Sensex managed to end the day above 33,000, while the Nifty ended just above 10,100.
In broader markets, the midcaps witnessed a day of underperformance to the benchmarks, with the Nifty Midcap closing with a cut of 1 percent.
All sectoral indices have ended in the red, with maximum cuts seen in Nifty PSU bank index trading over 2 percent lower. Nifty IT and Nifty Auto indices followed PSU banks and lost up to 1 percent.
Meanwhile, among index heavyweight stocks, ICICI Bank and State Bank of India were the biggest laggards for the second day in a row, while Reliance and HDFC Bank were among the top index gainers.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
