Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty50 below 18,150

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

CLOSING BELL

Domestic markets edged lower in Thursday's trade to snap two-day winning streak, as global mood turned sour after weaker-than-expected US economic data.

Key indices Nifty50 closed at 18,107 levels, down 57 points or 0.3 per cent, whereas the S&P BSE Sensex declined 187 points or 0.3 per cent to close at 60,858 levels. During the course of the day, the 50-packed index slipped over 100 points to hit day's low of 18,063 and the S&P BSE Sensex lowered over 300 points to hit day's low of 60,716.

Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

Apart from Nifty IT and Nifty PSU Bank indices, which logged marginal gains, all sectors drowned in the sea of red. Nifty Media, and Nifty FMCG indices, were the worst hit as they fell up to 1 per cent.

Among individual stocks, shares of Adani Enterprises (AEL) hit an over two-month low of Rs 3,463.50, down 4 per cent on the BSE in Thursday’s intra-day trade after the company set a price band of Rs 3,112-Rs 3,276 per share for its Rs 20,000-crore follow-on public offering (FPO). READ MORE

GLOBAL CHECK

The US equity futures were tepid in Thursday's trade ahead of economic data and speeches from Federal Reserve officials. Dow Jones Futures, the S&P 500 Futures, and NASDAQ Futures dropped up to 0.3 per cent.

European markets, too, retreated in trade this noon as Stoxx 600, CAC 40, DAX, and FTSE 100, dropped up to 0.7 per cent.

4:10 PM

CLOSING VIEW: Weak US consumer data, hawkish Fed officials hammer risk appetite

Domestic indices snapped their previous gains amid negative sentiments from their global counterparts. Weak US consumer data and hawkish comments from the Fed's policymakers on Wednesday hammered investor risk appetite. Lingering fears of recession dragged global bourses down, leaving the market volatile.

Views by Vinod Nair, Head of Research at Geojit Financial Services.

4:07 PM

Rupee weakens to end at 81.36/$ vs Wednesday’s close of 81.24/$

4:04 PM

Datamatics Global rallies 11%; Q3 revenue, PAT rise 24% YoY

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Revenue up 23.9% at Rs 372.6 cr Vs Rs 300.8 cr (YoY)
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