Sensex falls 38 points, Nifty ends marginally lower; Yes Bank, SBI, IndusInd among top losers
Equity benchmarks Sensex and Nifty ended marginally lower after a volatile session on Thursday, dragged by losses in IT and bank stocks, amid mixed results for the ruling BJP in state polls
-
After gyrating over 486 points, the 30-share Sensex settled 38.44 points, or 0.10 percent, lower at 39,020.39
-
It hit an intra-day low of 38,840.76 and a high of 39,327.15
-
The broader NSE Nifty too slipped 21.50 points, or 0.19 percent, to 11,582.60
Mumbai: Equity benchmarks Sensex and Nifty ended marginally lower after a volatile session on Thursday, dragged by losses in IT and bank stocks, amid mixed results for the ruling BJP in state polls.
After gyrating over 486 points, the 30-share Sensex settled 38.44 points, or 0.10 percent, lower at 39,020.39. It hit an intra-day low of 38,840.76 and a high of 39,327.15.
The broader NSE Nifty too slipped 21.50 points, or 0.19 percent, to 11,582.60.
Representational image. Reuters.
Top losers in the Sensex pack included Yes Bank, SBI and IndusInd Bank, that cracked up to 5.76 percent.
Shares of Infosys also ended 2.36 percent lower after Sebi and the US Securities and Exchange Commission initiated probe following whistleblower complaints that alleged "unethical practices" by top management of the IT major.
Further, the government has asked the National Financial Reporting Authority (NFRA) to look into alleged accounting irregularities at the company.
On the other hand, Bharti Airtel, RIL, HCL Tech, Asian Paints, Tata Steel and Tata Motors, rose up to 3.31 percent.
The BJP-Shiv Sena alliance was on the road to power in Maharashtra while Haryana emerged a cliffhanger with no clear majority for either the BJP or the Congress, Election Commission trends indicated as votes for the assembly polls held this week were counted on Thursday.
Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul ended on a positive note, while those in Shanghai settled in the red.
Equites in Europe were trading higher in their respective early deals.
Meanwhile, the Indian rupee depreciated 11 paise to 71 against the US dollar intra-day.
Brent crude futures, the global oil benchmark, fell 0.47 percent to $60.88 per barrel.
also read
What does ‘wokeness’ have to do with Silicon Valley Bank collapse?
The Silicon Valley Bank collapsed owing to several factors. However, Republicans and right-wing activists have cited one peculiar reason for the institute’s failure: They blame the bank’s ‘woke culture’ and policies
From cocaine money laundering to fake names: The long list of scandals at Credit Suisse
With Credit Suisse in trouble, there was panic that the banking crisis was spreading to Europe. With the Swiss central bank stepping in, there is a respite for now. But the institution's history remains chequered. Here's a look at some of its biggest controversies
Credit Suisse Troubles: What's happening at the Swiss bank and how has it renewed banking crisis fears?
Credit Suisse shares plunged to record lows of 30 per cent, prompting it to borrow $54 billion from the Swiss central bank. This plummet comes just days after the collapse of Silicon Valley Bank and Signature Bank in the US, sparking concerns about the health of the global financial system