On Thursday, the Indian stock market experienced a significant decline due to negative global cues. Both the National Stock Exchange’s (NSE) Nifty50 and the Bombay Stock Exchange’s (BSE) Sensex major indexes closed with significant declines. The Sensex concluded 412 points or 0.68 percent lower at 59,934 while the Nifty50 dropped 126 points or 0.70 percent to 17,877 during the course of the day’s trade.
While equities of IT, pharma, media, and private banks concluded with losses, those of auto, metal, energy, and infrastructure witnessed advances during the trading session.
biggest winners and losers
In the Nifty pack, Maruti, Eicher Motors, Adani Port, Power Grid, NTPC, Grasim, and Coal India all closed with gains. Cipla, Heromotocorp, Tech Mahindra, Infosys, and Hindalco all declined. On the other side, while Tech Mahindra, Tata Steel, Infosys, and Bajaj Finserv concluded with declines, equities like Sensex Maruti, Power Grid, NTPC, and HDFC Ltd. closed with gains.
state of international markets
Asian stock markets were uneven. Markets closed lower in South Korea, China, Hong Kong, and Thailand. The markets in Japan closed higher at the same time. On Thursday, European markets are also trading slightly higher. The US stock markets ended Wednesday with a small gain as well.
rupee depreciation
On Thursday, the rupee lost 21 paise to end the day at 79.73 paise against the dollar. The rupee began trading at 79.53 early in the day. During the course of the day’s trade, the rupee reached highs of 79.44 and lows of 79.73.