Closing Bell: Nifty Drops To 19,387; Sensex Down 181 Points

The share market lost its gains from the first half. The Sensex and Nifty both closed in the red.

The Sensex, Nifty, and Nifty bank each fell 1 percent from their intraday high.

The Sensex declined 181 points to 65, 252 while the Nifty fell 57 points to 19,387.

Midcap stocks continued to outperform their peers. The midcap index was up 0.4 percent.

Gainers included FMCG, IT, telecommunication, services and technology.

Asian stocks rose on Thursday. Seoul, Tokyo, Shanghai, and Hong Kong all ended in the green.

The Nikkei 225 index in Japan climbed for the fourth consecutive day, its longest winning streak since mid-June, as Nvidia’s record profits bolstered Japanese technology equities. The Nikkei 225 finished up 0.87 percent, near the day’s high, bringing its weekly gains to 2.66 percent.

European stocks were trading in the green.

On Wednesday, the US markets finished higher.

According to exchange data, Foreign Institutional Investors (FIIs) turned buyers on Wednesday, purchasing stocks worth Rs 614.32 crore.

Brent crude rose 0.10 percent to USD 83.29 a barrel.

On Wednesday, the BSE index rose 213.27 points or 0.33 percent to 65,433.30. The Nifty rose 47.55 points or 0.25 percent to 19,444.

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