Indian markets catch Trump cold; Nifty falls 1%, Sensex closes 200 pts down

Rising streak snaps on concern about US presidency's rising troubles

After record highs for consecutive sessions, the Indian stock market's benchmark indices closed lower on Thursday. While the S&P BSE Sensex lost 224 points or 0.7 per cent to close at 30,434, the Nifty 50 on the National Stock Exchange closed at 9,429, down 96 points or one per cent.

Market participants said the fall was due to global cues. There was a sell-off in the US markets on Wednesday over concerns that newly elected President Donald Trump might even be impeached. The broader markets here saw a steeper fall, with the BSE midcap and smallcap indices losing a little