Sensex Loses 542 Points & Ends Its Three-Day Winning Streak

On Thursday, the Sensex fell over 542 points. The Nifty 50 index fell 164.80 points, or 0.93 percent, to 17,589.60. The BSE midcap and small-cap both experienced declines in the broader markets of 0.55 and 0.20 percent, respectively.

The 30-share BSE Sensex opened strongly but came under heavy selling pressure to close 541.81 points, or 0.90 percent, lower at 59,806.28, snapping a three-day winning streak.

In terms of the US dollar, the rupee decreased by 7 paisas to settle at 82.02 (provisional).

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In the meantime, the benchmark Brent crude price fell to USD 82.65 per barrel or 0.01 percent.

Tokyo concluded with gains, but bourses in Hong Kong, Shanghai, and Seoul settled in the red.

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Stocks in Europe were also trading at a loss in the middle of the session. In the overnight session, Wall Street’s stocks ended with a mixed result.

According to exchange statistics, foreign institutional investors (FIIs) bought shares worth Rs 3,671.56 crore on the capital markets on Wednesday.

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