The Hindu Business Line file photo
Mumbai, India (BBN) – Indian domestic shares ended marginally lower on Thursday, paring early losses after the central bank kept its repo rate unchanged as it continues to guard against any potential flare-up in inflation and on an uncertain global economic environment.
The benchmark BSE index closed down 46.9 points or 0.16 per cent at 29,927.34, reports The Hindu Business Line.
The broader NSE index ended 3.2 points or 0.03 per cent lower at 9,261.95, after having fallen as much as 0.50 per cent before the central bank’s policy announcement.
The review comes in the backdrop of the likelihood of ‘El Nino’ disrupting monsoon rainfall and exerting upward pressure on food prices, and rising global oil and commodity prices.
Among BSE sectoral indices, FMCG index fell the most by 0.79 per cent, followed by consumer durables 0.64 per cent, healthcare 0.63 per cent and capital goods 0.21 per cent.
On the other hand, realty index was the star-performer and was up 2 per cent, followed by oil & gas 0.92 per cent, power 0.65 per cent and metal 0.4 per cent.
Top five Sensex gainers were Reliance (+1.92 per cent), Bajaj Auto (+1.33 per cent), Axis Bank (+1.17 per cent), Power Grid (+1.00 per cent) and Infosys (+0.56 per cent), while the major losers were ITC (-1.61 per cent), Adani Ports (-1.13 per cent), Coal India (-1.12 per cent), ICICI Bank (-0.93 per cent) and Bharti Airtel (-0.87 per cent).
Stocks fell and bonds rose in Asia on Thursday, with risk appetite soured by signs the Federal Reserve might start paring its king-sized asset holdings later this year just as the chance of early US fiscal stimulus faded further.
Investors were also wary ahead of a potentially tense meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, the first between the world’s two most powerful leaders.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.8 per cent.
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