Domestic Stock Markets Gave Up Initial Gains To End Lower On Thursday Amid A Selloff In Financial Stocks, Following A Rally That Continued For Six Straight Days Pushing The S&P BSE Sensex Index More Than 11 Percent Higher. The Sensex Fell 598.9 Points From An Intraday High Of 34,310.14 Registered In Morning, To Hit 33,711.24 On The Downside In Afternoon.
The Broader NSE Nifty 50 Benchmark Briefly Slid Below The 10,000 Mark, Hitting 9,944.25 At The Weakest Level Of The Day, Having Risen To As High As 10,123.85 Earlier. Sharp Losses In Banking And Financial Services Shares Outweighed Gains In IT, Pharma, And Metal Counters.
The Sensex Ended 128.84 Points – Or 0.38 Percent – Lower At 33,980.70 And The Nifty Settled At 10,029.10, Down 32.45 Points – Or 0.32 Percent – From Its Previous Close.
News Source: GoIndiaNews
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