Sensex skids 709 points on weak global cues; Nifty settles a tad above 9,900 – Times of India

(Consultant picture)

NEW DELHI: Fairness indices completed in purple on Thursday with the benchmark BSE sensex sliding over 700 factors amid overseas fund outflows and weak international cues.
Sensex slipped 709 factors or 2.68 per cent to shut at 33,538; whereas the broader NSE Nifty closed 214 factors or 2.12 per cent decrease at 9,902.
Main laggards within the BSE pack included State Financial institution of India, Solar Pharma, Maruti, Bajaj Finance, Tata Metal, Axis Financial institution and ICICI Financial institution with their shares falling as a lot as 5.64 per cent.
On NSE, sub-indices Nifty PSU and Financial institution fell as a lot as 3.89 per cent.
Based on analysts, market ended on a detrimental word amid overseas fund outflow and weak cues from international markets after US Federal Reserve coverage final result.
“Some type of fatigue is coming within the international markets. Flows from the worldwide markets have been driving the fairness markets in India. These two issues should not working within the final two days and that is why we’re seeing some little bit of pause,” Rusmik Ounces, head of elementary analysis at Kotak Securities in Mumbai, instructed information company Reuters.
The US central financial institution on Wednesday reduce its benchmark short-term charge to close zero, and mentioned almost all its policymakers foresee no charge hike by means of 2022.
(With company inputs)

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