Markets snap winning run

September 12, 2019 17:11

Benchmark indices surrendered early gains to close in the negative zone on Thursday as investors preferred to cash in on recent gains ahead of key macroeconomic data releases.

After swinging 386 points intra-day, the 30-share BSE Sensex settled 166.54 points, or 0.45 per cent, lower at 37,104.28. Similarly, the broader NSE Nifty fell 52.90 points, or 0.48 per cent, to close at 10,982.80.

Domestic investors turned cautious ahead of factory output and inflation data, traders said. On the global front, markets rose on hopes of a resolution to the US-China trade conflict after President Donald Trump delayed by 15 days additional tariffs on some Chinese imports.

Yes Bank, which was the top gainer in the Sensex pack on Wednesday, was the biggest loser in Thursday's session, tumbling 5.10 per cent. Other laggards included Tata Motors, Maruti Suzuki, Axis Bank, Bharti Airtel, RIL, NTPC, Bajaj Auto, Asian Paints, ITC, Kotak Bank, Bajaj Finance and TCS, falling up to 4.76 per cent. On the other hand, ICICI Bank, Sun Pharma, IndusInd Bank, HDFC twins, SBI, Tech Mahindra and ONGC rose up to 2.13 per cent. -- PTI

Image: Yes Bank, which was the top gainer in the Sensex pack on Wednesday, was the biggest loser in Thursday's session.

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