Indian stock indices settled lower on Thursday, with analysts attributing the decline to profit booking following the recent uptick after the announcement of the India-US trade deal.
The selling spree in India's stock markets continued on Tuesday, with both benchmark indices staying in the red through the session, largely due to profit booking amid relatively subdued sentiment and caution among investors.
Only three sectors witnessed buying in trade including Nifty Media (up 0.93%), Nifty FMCG (up 0.11%) and Nifty PSU Bank (up 0.05%). Nifty IT (0.75%) and Nifty Bank (0.53%) were the key losers.
Among the sectors, except media and metal, all other sectoral indices ended in the red. Information Technology, Oil & Gas, Pharma, PSU Bank were down 0.4% each.
Indian stock indices settled the Thursday trade largely steady, after witnessing a rollercoaster session, with intraday highs and lows around 600 points apart.
International crude oil prices traded largely range bound Friday, oscillating between marginal gains and losses, with analysts attributing them to mild profit booking.
Indian stock indices surrendered most of their gains from Thursday as the session progressed, mainly due to US sanctions on key Russian crude majors and indications that the US deal may not be finalised soon, analysts said. Profit booking by investors also likely weighed on the stock indi
After a bumper rally over the past few weeks, the precious metals market witnessed a sharp correction on Friday, as both Gold and Silver prices tumbled on the Multi Commodity Exchange (MCX).
Indian stock markets ended flat in the volatile session on Tuesday as many investors opted to book profits amid ongoing quarterly result volatility, and investors remained cautious ahead of uncertainty on India-US trade agreement.