Sensex, Nifty snap 8-session winning run despite new stimulus steps

The Sensex and Nifty snapped their eight-session rising streak on Thursday as the new set of stimulus measures announced by the finance minister failed to stem profit-booking in banking, IT, and energy stocks.

Lacklustre global cues and a weakening rupee further weig­hed on sentiment, traders said. After dropping 466.12 points during the day, Sensex ended 236.48 points or 0.54 per cent lower at 43,357.19.

Similarly, the broader Nifty slipped 58.35 points or 0.46 per cent to 12,690.80. SBI was the top loser in the Sensex pack, shedding 3.16 per cent, followed by Kotak Mahindra Bank, IndusInd Bank, NTPC, ICICI Bank, Axis Bank,