Stock market Closing Updates: The NSE Nifty closed slightly above 18,000 on Thursday, hampered by frenetic selling that was concentrated primarily in banking and auto sectors, and the BSE benchmark Sensex dropped 420 points to fall below the crucial 61,000-level.
The Sensex began the session gap-down, following poor Asian peers, and eventually finished at 60,614 by 420 points, or 0.69 percent. Moreover, the sentiment was also impacted due to nervousness ahead of October US CPI data affected markt. In its December policy review, the US Federal Reserve may raise interest rates more than expected in response to a stronger-than-expected print. Aside from that, the weekly Future & Option expiry at home was also partly to blame for the generally negative attitude. The BSE Sensex finished the day down 420 points, or 0.69 percent, at 60,614 levels. During the day, it recorded a low of 60,425.47. On the other hand, the NSE Nifty50 dropped 121 points, or 0.66 percent, to close at 18,036. The index fell through the 18,000-point barrier throughout the trading day, reaching a low of 17,969.40.
39 of the Nifty50 constituents and 25 of the Sensex constituents, including Tata Motors, Axis Bank, Bajaj Finserv, M&M, Titan, Grasim, Bajaj Finance, Apollo Hospitals, and IndusInd Bank, settled in the negative territory. Meanwhile, increases of up to 2.6% were achieved by Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr. Reddy's Labs. Sectorally, all of the indices finished in the red, with declines ranging from 0.3% to 2%.
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