Mumbai: Domestic equity benchmark BSE Sensex ended marginally lower after a see-saw session on Thursday as lack of buying triggers kept trading sentiment at a low ebb.
A depreciating rupee and weak global cues also weighed on the markets, traders said.
After plunging over 300 points intra-day, the BSE gauge pared most losses to settle 15.45 points, or 0.04 per cent, lower at 39,741.36.
Yes Bank was the biggest loser in the Sensex pack for the second consecutive session, plummeting 12.96 per cent, after Moody’s placed the private sector lender’s ratings under review for a possible downgrade. IndusInd Bank, Infosys, Maruti, Vedanta, Hero MotoCorp, Tata Motors, ONGC and RIL too fell up to 4.96 per cent. Top gainers included PowerGrid, M&M, Kotak Bank, Bajaj Finance, Bharti Airtel and HDFC twins, rising up to 1.54 per cent.
Nifty inches up 7.85 pts
However, the broader NSE Nifty inched up 7.85 points, or 0.07 per cent, to close at 11,914.05. According to experts, market mood was subdued amid rising uncertainty over trade talks between the US and China. Oil prices soared following conflicting reports of attacks on two oil tankers in the Gulf of Oman and the Strait of Hormuz.
However, losses were capped as investors took positive cues from factory output numbers, released after market hours on Wednesday.
India’s industrial output grew to a six-month high of 3.4 per cent in April mainly on account of improvement in mining and power generation, while retail inflation spiked to a seven-month high of 3.05 per cent in May, though remaining within the RBI’s comfort level.
Sectorally, BSE teck, auto, energy and healthcare indices ended up to 0.57 per cent lower. Realty, power, finance, consumer durables and utilities gained up to 0.62 per cent. In the broader markets, the BSE midcap and smallcap indices under-performed the benchmarks to close up to 0.50 per cent lower. (PTI)
