Closing bell: Sensex dives 572 points, Nifty settles at 10,601 on global sell-off

Benchmark indices BSE Sensex and NSE’s Nifty 50 closed lower today following negative cues from the global markets. Photo: PTI
Benchmark indices BSE Sensex and NSE’s Nifty 50 closed lower today following negative cues from the global markets. Photo: PTI

Mumbai: Indian benchmark indices BSE Sensex and NSE’s Nifty 50 declined over 1% on Thursday, marking their worst closing levels in two weeks, dragged down mainly by finance, auto and realty stocks amid weak cues from global equity markets. Investors were also cautious ahead of the assembly election results, which might set tone for the 2019 general elections. Stocks in Europe and Asian fell along with US futures after Canada arrested Huawei Technologies CFO for extradition to the US, raising fears of a fresh flashpoint in tensions between the US and China. Oil prices dipped as traders eyed an OPEC meeting expected to result in a supply cut. The Reserve Bank of India on Wednesday kept key interest rates unchanged, maintaining a “calibrated tightening” stance. Here are the latest updates from the markets:

 

3.36 pm IST Closing bell: Sensex, Nifty fall 1.5%The BSE Sensex closed 572.28 points, or 1.59%, down at 35,312.13, and the Nifty 50 ended 181.75 points, or 1.69%, lower at 10,601.15. The BSE mid- and small-cap indices fell 1.54% and 1.36%, respectively.All the sectoral indices on BSE posted losses with energy, telecom, auto and realty falling most at over 2%. Basic materials, IT, consumer discretionary goods, FMCG, Industrials, oil and gas and teck fell over 1.5%.

[“source=moneycontrol].