Domestic stock markets registered mild losses on Thursday, halting a rally that pushed the benchmark S&P BSE Sensex index above the 46,000 mark. It recovered the level after falling as low as 45,686 intra-day.
The Sensex index fell 392.63 points (0.85 per cent), to 45,710.87 at the weakest level recorded in morning deals. The Indian markets staged a recovery in the final hour of Thursday’s otherwise range-bound session, with FMCG stocks lifting the benchmark indices.
The broader NSE Nifty 50 benchmark slid to as low as 13,399.30, down 129.8 points (0.96 per cent), from its previous close. Losses in banking, financial services and IT shares weighed on the markets.
Nestle (up 4 per cent), ITC (up 3 per cent), and Hindustan Unilever (up 2 per cent) were the top Sensex gainers. On the other hand, UltraTech Cement (down 3 per cent) and Mahindra & Mahindra (down 2 per cent) were the top Sensex laggards.
The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 2 per cent, leading the list of losers. On the other hand, Nifty FMCG, up over 1 per cent, hit a fresh lifetime high and was the top sectoral gainer.
In the broader market, the S&P BSE MidCap and SmallCap indices were trading 1 per cent and 0.8 per cent lower, respectively.