Indian stock indices traded sharply lower Wednesday and settled in the red with widespread losses in all sectoral indices. The decline was primarily due to weak market sentiment in global markets.
BSE 30-share Sensex went down 51 points to 61,722.74 and NSE Nifty 50 lost 2 points to 18,284.20 in the morning trade on Thursday. In sectoral indices, energy, IT and financial services were trading in the negative territory on Thursday morning.
Better-than-anticipated financial results from Indian firms in the March quarter also contributed to the positive market sentiment. All sectoral indices on the NSE, except for the Nifty FMCG index, closed higher
BSE Sensex lost 28 points to 59,612.07 and NSE Nifty declined 17 points to 17,607.30 at 11.20 am on Friday. Sectoral indices of Oil & Gas, FMCG, IT, Telecommunication were in the positive territory while Auto, Bankex, Power and Realty on BSE were in the negative territory.
Stock indices in India continue to decline, pulled down by a sharp dip in almost all sectoral indices, particularly the PSU bank following the collapse of two US banks in a matter of two-to-three days.
At 9.23 am, Sensex traded at 60,338.82 points, up 529.85 points or 0.89 per cent, and Nifty traded at 17,747.15 points, up 152.80 points or 0.87 per cent.