Mumbai:
Equity benchmarks fell for the second time in a row on Thursday, dragged down by banking and financial indicators, followed by outflows from overseas capital. The 30-share Sensex closed at 60,353.27, down 304.18 points, or 0.50 percent, after failing to sustain its initial gains. It fell 607.61 points (1%) to 60,049.84 on the day.
Wider NSE Nifty dropped 50.80 points, or 0.28%, to finish at 17,992.15.
From the Sensex pack, Bajaj Finance fell 7.21%. Other big laggards were Bajaj Finserv, ICICI Bank, Infosys, Titan, Power Grid, Axis Bank, and HDFC.
Bank, Tech Mahindra, Wipro, Bharti Airtel.
ITC, Hindustan Unilever, NTPC, Mahindra & Mahindra, Nestle, and Larsen & Toubro won big.
Elsewhere in Asia, stock markets in Seoul, Tokyo, Shanghai, and Hong Kong closed in blue.
European stock exchanges traded mixed marks in mid-session trading.
The US market closed in positive territory on Wednesday. Foreign Institutional Investors (FIls) sold shares with a net value of Rs 262.089 billion on Wednesday, stock market data showed.
Market settles lower for 2nd day, dragged down by bank tellers
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Rajeshchandra Devjeehttp://saindiamagazine.com/
Rajeshchandra Devjee is the Founder and President of the Brand SAIndia, a print publication that was launched in South Africa in 2001 with a strong logistics distribution to 3500 magazine retailers and FMCG stores nationwide. The growth of the brand in its later years succumbed to a slow decline in print sales due to the inception of the 4th industrial revolution.
To this day the brand has grown in leaps and bounds thanks to the advent of social media platforms and mobile app technology. SAIndia is now available on the internet and mobile platforms in 177 countries and growing at a phenomenal rate, acquiring an audience from all walks of life whose interests range from politics to fashion and other genres.
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