Indian stock markets record losses owing to selling pressure in banking, IT and pharma stocks

The BSE Sensex on Thursday ended today’s trading with a loss of 115 points at 28,106. It opened at 28,298, touched an intra-day high of 28,329 and low of 28,031. The NSE Nifty closed with a loss of 34 points at 8,710. It opened at 8,769, hit an intra-day high of 8,781 and low of 8,685.

Sensex fell by over 100 points on the back of selling pressure in banking, IT and pharma stocks. 

Buying activity was seen in energy, oil & gas and metal sectors, while telecom, banking, auto,FMCG, finance and industrial sectors showcased weakness on BSE.

The rupee opened lower four paise at 66.56/$ against US Dollar Thursday as against the previous close of 66.50/$.Asian markets are showing a mixed trend on Thursday. Hang Seng and Nikkei 225 are trading in green.

Mainland Chinese markets remained closed for the National Day holiday. Wall Street closed higher on Wednesday.

The Dow Jones industrial average rose 112.58 points, or 0.62%, to 18,281.03, the S&P 500 gained 9.24 points, or 0.43%, to 2,159.73 and the Nasdaq Composite added 26.36 points, or 0.5%, to 5,316.02.