HCL Technologies, State Bank of India, Tech Mahindra, TCS, Wipro, UltraTech Cement and ITC were the major laggards.
HCL Technologies, State Bank of India, Tech Mahindra, TCS, Wipro, UltraTech Cement and ITC were the major laggards.
Benchmark indices Sensex and Nifty took early gains for the fourth straight session on Thursday led by selling in IT and banking stocks amid weak global equities.
The 30-share BSE benchmark ended 98 points or 0.18% lower at 53,416.15. During the day it touched a high of 53,861.28 and a low of 53,163.77.
The broader NSE Nifty also took early gains and ended 28 points or 0.18% lower at 15,938.65.
Among the Sensex constituents, Axis Bank was the biggest loser at 1.74%. HCL Technologies, State Bank of India, Tech Mahindra, TCS, Wipro, UltraTech Cement and ITC were the major laggards.
Sun Pharma, Dr Reddy’s Lab, Maruti Suzuki India, Kotak Mahindra Bank, Titan and Reliance Industries were among the gainers.
In Asia, markets in Shanghai, Hong Kong and Seoul ended lower, while Tokyo closed in the green.
Equity markets in Europe were trading lower during mid-session deals. On Wednesday, the US markets closed with a fall.
“Tracking weak cues in global markets, Indian indices gave up their early gains amid concerns over higher-than-expected US inflation data. Investors are increasingly expecting the Fed to lower its lowest this month to tackle higher inflation.” 75 bps rate hike.”
Vinod Nair, Head of Research, Geojit Financial Services, said, “On the domestic front, India’s WPI inflation moderated in June, although it remains elevated.”
Meanwhile, international oil benchmark Brent crude declined 1.97% to $97.61 a barrel.
Foreign institutional investors remained net sellers in the capital markets on Wednesday, selling shares worth 2,839.52 crore, according to exchange data.