Snapping its four-day gaining streak, the domestic equity market closed in the negative territory on Thursday amid weak global cues and selling in financials counter.
The S&P BSE Sensex shed 106 points or 0.29 per cent to settle at 36,107 with Tata Motors (up over 1 per cent) being the top gainer and IndusInd Bank (down over 2 per cent) the worst performer.
On NSE, the benchmark Nifty50 index settled at 10,822, down 34 points or 0.31 per cent with 30 components ending in the red and 20 in the green.
INDIVIDUAL STOCKS
Shares of private sector lender Bandhan Bank ended at Rs 471.70, up 3.82 per cent after it reported a 10.3 per cent rise in its net profit at Rs 331 crore for third quarter (October-December) of FY18-19. The company had logged PAT of Rs 300 crore in the corresponding quarter of the previous year.
Shares of Vakrangee hit an upper circuit of 5 per cent at Rs 37.90 on the BSE in early trade on Thursday after an inspection ordered by the Ministry of Corporate Affairs (MCA) into the accounts and operations of the company found no irregularity in matters pertaining to the resignation of its auditor, abnormal trading in the company’s stock, among other issues, the company said in its BSE filing.
Among the sectoral indices, financial stocks slipped the most with Nifty Bank index ending 0.69 per cent lower at 27,529.
The mid-cap and small-cap indices were largely in sync with the benchmarks. The S&P BSE MidCap index ended at 15,196, up 0.49 per cent while S&P BSE SmallCap index closed 0.19 per cent higher at 14,628.
Global Markets
Asian shares began cautiously on Thursday, struggling to rise after a multi-day rally as markets await more news on US-China trade talks that have raised hopes of a deal to avert an all-out trade war.
MSCI’s broadest index of Asia-Pacific shares outside Japan was a tad lower, trading not far off a near four-week high. Australian shares were down 0.2 per cent, while Japan’s Nikkei eased 1.2 per cent.
Oil Prices
Oil prices dipped on Thursday on swelling US supply, although the mood in global markets was increasingly confident amid hopes the United States and China may soon end trade disputes that have undermined global economic growth.
US West Texas Intermediate (WTI) crude oil futures were at $51.93 per barrel, down 43 cents, or 0.8 per cent, from their last settlement. International Brent crude futures had yet to trade.
(with Reuters input)
 "MARKET WRAP: Sensex falls 106 pts on sell-off in banks, Nifty holds 10,800")
