Sensex And Nifty End Seven-Day Rise; Sensex Dips More Than 200 Points

Sensex and Nifty ended their seven-day winning streak in early trade on Thursday, owing to selling pressure from foreign institutional investors and Asian market trends.

The BSE Sensex dropped 211.21 points, or 0.30 percent, to 69,442.52. The Nifty lost 58.95 points, or 0.28 percent to 20,878.75.

Hindustan Unilever, Bharti Airtel, ICICI Bank, and Bajaj Finance were the laggards were the laggards on the Sensex, trading with losses of up to 2.03 percent.

Meanwhile, PowerGrid surged 1.25 percent, outperforming the market, followed by UltraTech Cement, Asian Paints, and NTPC. Maruti, Kotak Mahindra Bank, and HCL Tech were among the other gainers.

The Reserve Bank of India is expected to keep interest rates unchanged in its bi-monthly monetary policy decision, which will be announced on Friday.

In Asian markets, Shanghai, Seoul, Tokyo, and Hong Kong all are trading lower.

On Wednesday, European markets finished largely higher.

On Wednesday, the US markets ended on a mixed note.

Brent crude gained 0.47 percent to USD 74.65 per barrel.

According to exchange data, Foreign institutional investors sold shares worth Rs 79.88 crore on Wednesday.

On Wednesday, Sensex rose 357.59 points, or 0.52 percent, to 69,653.73. The Nifty gained 82.60 points, or 0.40 percent, to 20,937.70.

Also read: United States Military Grounds Osprey Aircraft After Japan Crash Kills Eight