MUMBAI: Volatility on
Dalal Street
continued on Thursday with a negative bias despite
RBI
maintaining a
status quo
on rates as weakness in global markets affected sentiment in the domestic market.
At close of the day’s trading, the sensex was down 582 points at 78,886 points with Infosys,
Reliance Industries
and L&T impacting the index the most. On the NSE, the broader
Nifty
lost 181 points to close at 24,117 points.
Foreign funds remained net sellers in the stock market for the fifth consecutive session while domestic funds were net buyers, data from BSE and CDSL showed.
According to Ajit Mishra of Religare Broking, Indian markets struggled to maintain Wednesday’s recovery, ending over half a percent lower due to weak global cues. After an initial dip, markets witnessed volatility and closed near the day’s low. “The ongoing global uncertainty is making market participants cautious, and short-term relief seems unlikely,” Mishra wrote in a note to investors. Among the 30 sensex stocks, 23 closed lower.
