Mumbai: Indian leading equities indices closed in the red on Thursday, with heavyweights such as Reliance, Tata Motors, and Nestle losing the most on the Sensex.
At closing, the Sensex was down 151 points, or 0.18 percent, at 82,201, and the Nifty was down 53 points, or 0.21 percent, at 25,145.
Reliance, Bharti Airtel, Tata Motors, Nestle, M&M, Power Grid, Bajaj Finance, L&T, JSW Steel, Sun Pharma, and UltraTech Cement were the top losers in the Sensex pack. Titan, Wipro, ITC, Infosys, Tata Steel, SBI, Asian Paints, and HDFC Bank were the top gainers.
Market sentiment remains positive.
On the Bombay Stock Exchange (BSE), 2,260 shares closed in the green, 1,667 settled in the red, and 110 closed with no change. Buying was seen in the midcaps and large caps.
The Nifty Midcap 100 index closed at 59,448, up 224 points or 0.38 per cent, and Nifty Smallcap closed at 19,520, up 198 points or 1.03 per cent.
Among the sectoral indices, energy, auto, realty, and infra were the top gainers. Auto, PSU Bank, fin service, metal, and media were top losers.
NDIAVIX was down by 1.25 per cent and is currently trading at 14.20.
According to market experts, the benchmark indices continued to trade with minor losses due to concerns about a slowdown in the US and Chinese economies. The market is now seeking new catalysts, particularly in how the Fed evaluates the challenge of achieving a soft landing, they said. They added that the broader market outperformed, benefiting from positive service PMI data that suggests supportive domestic economic conditions.
Foreign institutional investors (FIIs) continued their buying trend for the fifth consecutive session on September 4, purchasing equities worth Rs 975 crore. Similarly, domestic institutional investors also showed confidence in the market, buying equities worth Rs 97 crore on the same day.
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–IANS
