Indian Stock Market remained volatile throughout Thursday and settled lower. The markets reacted to crude oil prices and reports that the Reserve Bank of India (RBI) might set measures to curb the falling Rupee, including a possible interest rate hike.
At close, the Sensex was 135.03 points (0.18 per cent) lower, settling at 75,183.36, while the Nifty was at 23,654.70, down 4.30 points or 0.02 per cent.
Nifty 50 slipped 205 points from its day’s high while the Sensex erased 627 points from its intraday high.
Among the sectors, Nifty FMCG, IT, and Financial Services declined the most. On the other hand, Nifty Realty and Nifty Cement outperformed.
On the Sensex, Bajaj Finance, Infosys and Tech Mahindra were among the top laggards.
Adani Power shares rose over 2% on May 21 after entering into definitive agreements with Jaiprakash Associates Ltd (JAL).
Ola Electric shares declined more than 4 percent after the company reported a sharp revenue decline for the March quarter.
Honeywell Automation emerged as the top performer at 15.3%, while Sammaan Capital was the second-best performer, surging 9.1%.
Indian Rupee had opened 52 paise stronger at 96.30 against the US dollar, however, it remained on a nine-session losing streak.
In the Asian markets, Shanghai’s SSE Composite index traded lower. Hong Kong’s Hang Seng index was also marginally down while Wall Street futures were trading lower.