In Central Asia deals elsewhere were red in Asia, Shanghai, Hong Kong and Tokyo, while Sol was trading on a positive note.
The equity benchmark Sensex gained over 200 points in early trade on Thursday, leading to losses in the index Major Infosys, ICICI Bank and M&M amid negative signals from domestic and global markets.
After opening more than 200 points, the 30-share BSE index reversed all its gains to trade at 216.73 points or 0.45% lower at 48,327.33.
Similarly, the broader NSE Nifty slipped 62.55 points or 0.43% to close at 14,442.25.
Infosys topped M&M, IndusInd Bank, Maruti, Bajaj Finance, UltraTech Cement and ICICI Bank with more than 3% decline in the Sensex pack.
On the other hand, ONGC, Sun Pharma, Drs. Reddy’s and Kotak Bank were among the beneficiaries.
The Sensex rose 660.68 points or 1.38% to close at 48,544.06 on Tuesday and the Nifty rose 194 points or 1.36% to 14,504.80 in the previous session on Tuesday.
According to provisional institutional data, foreign institutional investors were net sellers in the capital market, as they held shares worth 1 730.81 crore on Tuesday.
Dr. The stock exchanges remained closed on Tuesday due to Babasaheb Ambedkar Jayanti.
VK Vijaykumar, Chief Investment Strategist, Geojit Financial Services, said, “Amidst the negative growth in the cases of COVID-19, the relief from the market perspective is that there is no mass lockdown.”
However, the widespread restriction of activity in the economically important state of Maharashtra is bound to have its impact on growth and income. The market knows this, but what is unknown is how long it will last and how quickly we can move forward in cases of infection, he said.
In Central Asia deals elsewhere were red in Asia, Shanghai, Hong Kong and Tokyo, while Seoul was trading on a positive note.
Equity on Wall Street ended on a negative note in overnight trading after the Federal Reserve’s Beige Book survey, pointing to a moderate pace of pick-up in economic activity, beginning the year with a slight uptick in inflation.
Meanwhile, the international oil benchmark Brent crude was trading at $ 66.58 a barrel.
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