Share/Stock Highlights: The frontline equity indices on the BSE and National Stock Exchange (NSE) continued their losing spree and ended lower for the third straight session on Thursday weighed by market heavyweight Reliance Industries (RIL) and information technology (IT) stocks.
The S&P BSE Sensex fell 336.46 points (0.55 per cent) to end below the 61,000-mark at 60,923.50 while the Nifty 50 declined 88.50 points (0.48 per cent) to settle at 18,178.10. Both the indices had begun in the green but gave up their gains within an hour into the trade and remained in the red after that.
RIL was the biggest contributor to Sensex’s fall on Thursday. The oil-to-telecom behemoth fell 2.85 per cent. Apart from this, IT majors Infosys and Tata Consultancy Services (TCS) along with Asian Paints were the other major losers of the day. On the other hand, Kotak Mahindra Bank, Housing Development Finance Corporation (HDFC) and ICICI Bank were among the top gainers.
On the sectoral front, the Nifty IT was the worst performer of the day crashing 2.53 per cent weighed by MindTree, Coforge and L&T Technology Services. The Nifty Metal index too fell 1.77 per cent dragged by Hindustan Zinc and Welspun Corp. On the other hand, the Bank Nifty rose 1.30 per cent led by Kotak Mahindra Bank and RBL Bank.
(with inputs from agencies)