NEW DELHI: Stock indices fell Thursday against the benchmark BSE Sensex slipping more than 300 points led by losses in financial stocks. Sensex plunged 323 points or 0.82 percent to close at 38,980; while the broader NSE Nifty it closed 88 points or 0.76 percent lower at 11,516.
The main laggards in EEB’s package include Bajaj Finserv, PowerGrid, L&T, ICICI Bank, TCS, Kotak Mahindra Bank and Tata Steel, with their shares falling as much as 2.23 percent.
On the NSE platform, Nifty Bank, Financial Services and Realty fell as much as 1.68 percent.
According to traders, domestic stocks traded on a negative note following weak signals from global markets after the US Federal Reserve hinted that the key policy interest rate would remain near zero at least until 2023 without disclosing any additional stimulus plans.
The main laggards in EEB’s package include Bajaj Finserv, PowerGrid, L&T, ICICI Bank, TCS, Kotak Mahindra Bank and Tata Steel, with their shares falling as much as 2.23 percent.
On the NSE platform, Nifty Bank, Financial Services and Realty fell as much as 1.68 percent.
According to traders, domestic stocks traded on a negative note following weak signals from global markets after the US Federal Reserve hinted that the key policy interest rate would remain near zero at least until 2023 without disclosing any additional stimulus plans.
On the currency front, the Indian rupee depreciated 14 paise to close at 73.66 (provisional) against the US dollar, which is trailing domestic equities.
In the interbank currency market, the local unit opened on a weak note at 73.70 and finally closed at 73.66 against the US currency, registering a drop of 14 paise on its last close.
Meanwhile, foreign institutional investors bought shares worth Rs 264.66 million on a net basis, market data showed on Wednesday.
(With PTI inputs)
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