Domestic benchmark indices BSE Sensex and NSE Nifty pared their initial gains and ended in red on account of profit booking. Sensex closed 114.77 points down at 28106.21, while Nifty settled 34.40 points down at 8709.55. The selling was witnessed by funds and retail investors ahead of US non-farm payrolls report on Friday and June-quarter corporate results starting next week.
Among the 51-components in Nifty index, 18 stocks ended the day in green with BPCL, Gail, Grasim, Reliance and HUL gaining 3.55 per cent, 3.55 per cent, 2.26 per cent, 2.07 per cent and 1.42 per cent, respectively. On the other hand, Bank of Baroda, Cipla, Power Grid, Mahindra & Mahindra and NTPC declined by 2.89 per cent, 2.31 per cent, 1.98 per cent, 1.80 per cent and 1.80 per cent, respectively.
Sectorwise, BSE Realty index, Power, Healthcare, IT and TECk index slipped by 1.48 per cent, 1.18 per cent, 0.99 per cent, 0.87 per cent and 0.78 per cent, respectively. The BSE Oil & Gas index, Telecom, Metal gained 2.64 per cent, 0.45 per cent and 0.07 per cent, respectively.
Vinod Nair, head of research, Geojit BNP Paribas Financial Services said, “Market slipped on profit taking as investors are bit nervous due to the ECB minutes later today. They are looking to get insights on any trajectory of taper in stimulus. US payroll and employment data are lined up for tomorrow which will shape up the expectation for FED rate hike scenario this year. Additionally, the focus will shift to quarter earnings which start next week. ”
Asian peers ended mostly higher on Thursday, with an overnight rally in oil prices and positive economic data from the US underpinning investor sentiment. Hang Seng and Nikkei closed higher by 0.69 per cent and 0.47 per cent, respectively.