It was a see-saw trading session on Thursday with benchmark indices the Sensex and the Nifty starting the day in the green, then slipping into the red and repeating the same once again.
The Nifty closed at 5,068.9, down 30 points, while the Sensex closed at 16,883.92, down 74 points. Trading was range-bound throughout the day, said experts.
“Indices closed in the red after IMF cut its growth forecast for Asian economies and worse than expected export numbers came from China,” said a dealer from an Indian Mutual Fund.
ICICI Bank, HCL Tech, Tata Steel, Cipla and TCS were the top gainers while Jindal Steel, Hindalco ,Tata Motors, Ranbaxy and IDFC were the top losers on the Nifty.
The Indian bourses opened the session in the green on the back of positive close by Dow Jones last night and by a firm trend in the Asian markets.
In the opening session, the BSE Sensex was up by about 65 points to 17,024 and the Nifty was up by 16 points to 5,116.