Equity benchmark ended in red after a yet another volatile session on Thursday amid lack of any good news and rising coronavirus cases in the country. The S&P BSE Sensex fell over 242 points to settle at 31,443.38, dragged by losses in index-heavyweights HDFC twins and Kotak Bank.
After touching a low of 31,362.87, the 30-share index settled down by 242.37 points or 0.76 per cent. Similarly, the broader NSE Nifty slipped 71.85 points, or 0.78 per cent, to end at 9,199.05.
Among the Sensex pack, the laggards were led by ONGC, slumping over 4 per cent, followed by NTPC, Kotak Bank, Titan, Bharti Airtel and PowerGrid.
On the other hand, IndusInd Bank rallied over 6 per cent. M&M, Reliance Industries, Axis Bank and Tech Mahindra were the other gainers on the BSE.
Market tried to cut off losses in the morning session but failed as selling resumed in consumer durables and banking sectors, keeping benchmarks below Wednesday’s levels, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.
In the afternoon session, volatility intensified amid fears that the peak of fresh COVID-19 cases was nowhere near after the case count surged past 50,000, he added.
The number of coronavirus cases in India climbed to 52,952, while the death toll rose to 1,783, government data showed.
Globally, the number of cases linked to the disease has crossed 37.55 lakh and the death toll has topped 2.63 lakh.
Meanwhile, bourses in Shanghai, Hong Kong and Seoul ended in the red, while Seoul closed with gains. Stock exchanges in Europe were trading higher in early deals.
International oil benchmark Brent crude futures rallied 4.98 per cent to USD 31.20 per barrel.