Mumbai, India (BBN) – The BSE benchmark Sensex slipped into the red in volatile trade on Thursday.
At about 11:25am, the 30-share barometer was down 0.16 per cent or 43.73 points at 26,559.11, reports The Hindu Business Line.
Similarly, the NSE Nifty was down 0.06 per cent or 5.10 points at 8,177.35.
In morning trade, the Sensex see-sawed 330 points as it hit a high of 26,737.86 and a low of 26,407.58.
The 30-stock gauge had lost about 95 points in the previous session.
Top 5 gainers on Sensex: TCS (+1.91%), M&M (+1.39%), PowerGrid (+1.35%), Bajaj Auto (0.99%) and Infosys (+0.81%).
Sun Pharma, Tata Motors, ITC, NTPC and Cipla were among the major losers.
Asian bourses continued to trade weak as the US Fed hiked interest rates by a quarter percentage point and indicated more to come next year.
A report by IFA Global said “Asian stock markets are trading on a negative note, with Hang Seng index trading lower by 372 points and Nikkei index is trading lower by 28 points after Fed hikes rates but remains measured about growth.US stock markets closed on a negative note, the Dow Jones Industrial Average closed lower by 118 points and Nasdaq index closed lower by 27 points. U.S. equities closed lower after Federal Reserve, in line with expectation, rose rates by 25bps.European stock markets closed on a negative note, with FTSE closed lower by 19 points and CAC lower by 34 points. European markets ended the day lower after industrial production contracted in October compared to contraction of 0.9% in the previous month.”