Prior of the Reserve Bank of India’s monetary policy announcement tomorrow, the local markets ended a six-day winning streak on Thursday and closed modestly lower. The BSE Sensex fell by more than 118 points, and the Nifty50 ended the day below the 17400 mark, primarily due to the banks and financial services sector.
The BSE Sensex was down 118.15 points, or 0.20 percent, at the market close, and the Nifty50 was down 24 points, or 0.14 percent, at 17364.5. The Nifty Smallcap fell 0.36 percent, while the Nifty Midcap increased nearly 0.6 percent, as the broader markets ended neutral on Thursday.
At the close, 27 stocks were up, 22 were down, and one was unchanged on the Nifty50 index. Pharmaceutical and healthcare companies including Cipla, Sun Pharma, and Apollo Hospital were among the top gainers on the NSE at market close, up by roughly 3.5, 2.5, and 2%, respectively.
While metal stocks like JSW Steel and Hindalco, as well as Nestle India and Infosys, each increased by over 2.5 and 2%, the market closed about 2% higher overall.