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Indian markets ended the session in the red on Thursday on the back of weak investor sentiment.
Markets ended lower on Thursday as the benchmark indices declined by about 0.5 per cent. The BSE Sensex ended the day in the red, down 103 points (-0.5 per cent) from its previous close to 19,923. The NSE Nifty shed 35 points (-0.6 per cent) to end at 6019.
“Heavy selling was witnessed in the mid-cap and small cap sectors which were down around 2.51 per cent and 2.44 per cent respectively. The market breadth changed to negative as there were seen 530 stocks advancing against 1668 stocks declining,” said Alex Mathews, Head Research, Geojit BNP Paribas Financial Services.
The fall in the Sensex was led by a six per cent decline in the Tata Motors scrip, which fell due to an announcement made by the Jaguar Land Rover unit about lowered profit margin.
Other stocks among the Sensex 30 which fell include GAIL, Cipla, Hindalco and Sterlite Industries. HUL was the top performing scrip and was up 1.8 per cent.
The BSE realty index saw the highest decline among the sector indices, down 4.2 per cent. The auto index saw the second highest fall at 2.5 per cent.
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