Indian stock markets experienced a significant decline on Thursday, with the Sensex dropping more than 740 points and the Nifty falling over 204 points from their highs. The Sensex closed down around 123 points at 77,988.68, while the Nifty 50 declined 34.55 points to finish at 24,197. Smallcap and midcap indices on NSE rose nearly 0.6-0.8%, outperforming the benchmark indices.
HDFC Bank, Titan, Mahindra & Mahindra, Bharti Airtel, Kotak Mahindra Bank, Bajaj Finance, Hindustan Unilever, and HCL Technologies were the top losers on the Sensex, each declining nearly 1-2%. In contrast, Zudio-parent Trent and Zomato-parent Eternal shares surged nearly 3% each.
The Nifty Private Bank sector declined 0.56%, while Nifty Metal remained more than 1% higher. Around 1,089 stocks declined on NSE, with 2,147 advancing and 89 unchanged.
The rupee rose 11 paise to close at 93.22 against the US dollar. Foreign investors were net buyers of Indian equities, purchasing shares worth more than Rs 666 crore, but this was negligible compared to previous selloffs.
