Closing bell: After opening with positive momentum on Thursday, domestic stocks erased all gains and closed lower amid lingering uncertainties in global markets.
The National Stock Exchange’s Nifty 50 was down 53 points or 0.21 per cent at 25,145.10, while the Bombay Stock Exchange’s 30-share sensitive index (Sensex) was down 151 points or 0.18 per cent at 82,201.16.
Amid mixed sectoral movement, the market was boosted by automobile, pharmaceutical and oil and gas stocks, while information and technology (IT) stocks staged a substantial recovery after Wednesday’s decline.
Titan, LTI Mindtree, Wiproand BPCL were the top stocks that led the positive market move in Thursday’s trading session, with Titan gaining 3.31 per cent to lead the trend. Besides these, ITC, HeroMoto Corp, Tata Steel and Information systems Other key winners today include…
On the other hand, Cipla, which fell 1.46 per cent, ended up being the biggest laggard on the Nifty. After Cipla, Coal India, Dr Reddy, Reliance, Britannia and Tata Motors were other top losers of the day.
Mukesh AmbaniActivision-led Reliance Industries has also approved the issue of bonus shares one-for-one, the company said in a stock exchange filing.
According to a Morgan Stanley report, India’s share in the MSCI emerging markets index has surpassed that of China, becoming the largest, with gains of 19 percent compared with 8 percent four years ago.
On Thursday, the rupee also closed at its all-time low despite intervention by the Reserve Bank of India, without which it could breach the 84-mark. The rupee settled at 83.9825 against the US dollar compared to 83.9650 in the last session.
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