Closing Bell: Nifty Closes Below 19,390; Sensex Falls 542 Points

The NSE Nifty 50 and BSE Sensex closed down on Thursday, maintaining their negative trend from the previous session. The Nifty 50 fell 145 points to 19,381, while the Sensex fell 0.82% to 65,240.

As investors maintain a careful eye on global happenings, the market mood tends to be bearish.

Bank Nifty finished 1.07% lower, slightly above the 44,513 mark. Nifty Private Bank, Nifty Realty, and Nifty Financial Services were among the worst performers, while Nifty Pharma and Nifty Media increased by 0.91% and 1.04%, respectively.

The Nifty 100, Nifty 200, and Nifty 500 closed lower in the broader markets, but the Nifty Midcap 100 and Nifty Smallcap 100 closed higher.

In Asian markets, Seoul, Tokyo, and Hong Kong concluded in the red, while Shanghai closed in the green.

The European markets were in the red.

On Wednesday, US markets finished lower after Fitch Ratings downgraded the US government’s credit rating by one step.

According to exchange data, foreign institutional investors (FIIs) sold stocks worth Rs 1,877.84 crore on Wednesday.

Brent crude fell 0.46 percent to USD 82.82 per barrel.

On Wednesday, the BSE benchmark fell 676.53 points, or 1.02 percent, to 65,782.78. The Nifty dropped 207 points, or 1.05 percent, to close at 19,526.55.

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