The equity benchmark indices Sensex and Nifty closed lower on Thursday, extending their losing skid to the fourth straight session, led by bank stocks and foreign fund outflows.
The 30-share BSE Sensex dropped sharply around noon, showing strong volatility and wiping out all of its early gains. It sank 454.69 points or 0.62 percent to 72,488.99.
The NSE Nifty dipped 152.05 points or 0.69 percent to 21,995.85.
ABB India, Apollo Hospitals, Titan, Nestle India, Coal India, ONGC, Berger Paints, Adani Enterprises, and Tata Motors-DVR were the top laggards.
Among the gainers were JIO Financial Serv., Bharti Airtel, ICICI Lombard, Vedanta, Trent, Power Grid Corp, and Bank of Baroda.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong all settled in positive territory.
European stock markets were generally trading up.
US markets concluded lower on Wednesday.
Brent crude lost 0.63 percent to USD 86.74 per barrel.
According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 4,468.09 crore on Tuesday.
The stock markets were closed on Wednesday to commemorate Ram Navami.
On Tuesday, the 30-share BSE benchmark declined 456.10 points or 0.62 percent to 72,943.68, while the NSE Nifty tanked 124.60 points or 0.56 percent to 22,147.90.
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