Benchmark equity indices fell for the second day in a row on Thursday, owing to negative global market trends and ongoing foreign fund outflows.
Following the recent record-breaking market rise, investors took profits as well.
The BSE Sensex dropped 585.92 points to 69,920.39. The Nifty fell 173.35 points to 20,976.80.
Axis Bank, Larsen & Toubro, ICICI Bank, Tech Mahindra, IndusInd Bank, JSW Steel, Mahindra & Mahindra, and ITC were the top laggards on Sensex.
Gainers were Power Grid, Reliance Industries, Nestle, and HDFC Bank.
Seoul, Tokyo, and Hong Kong were trading lower in Asian markets, while Shanghai was trading higher.
On Wednesday, the US stock markets finished down.
Brent crude lost 0.38 percent to USD 79.38 per barrel.
According to the exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 1,322.08 crore on Wednesday.
On Wednesday, the BSE benchmark fell 930.88 points or 1.30 percent to 70,506.31. The Nifty lost 302.95 points or 1.41 percent to 21,150.15.
Also read: Emmanuel Macron: Fighting Terror Does Not Imply Flattening Gaza
Deepti Sharma offered prayers at Ujjain’s Mahakaleshwar Temple after India’s historic ICC Women’s World Cup…
Elton John honours Brian Wilson with emotional tribute and performance at Rock and Roll Hall…
Rahul Gandhi targets India’s Gen Z with digital outreach and democracy narrative, but engagement remains…
Upendra Rai at Ghazipur Literature Festival emphasizes true freedom, Indian consciousness, spirituality, and cultural pride.
PM Modi calls Uttarakhand spiritual heartbeat, urges tourism, festivals, horticulture, film, and local development initiatives.
Tulsi tea, brewed from the leaves of the holy basil plant, has been celebrated in…