The BSE Sensex and NSE Nifty snapped six-day winning streak on Thursday on the back of profit booking and weak rupee. Sensex slid 190.04 points at 26,845.81, while Nifty lost 48.05 points at 8,129.35.

In the 50-share index, UltraTech Cements, Adani Ports, Vedanta, Tata Steel and Asian Paints gained between 1.10 per cent and 2.30 per cent. On the other hand, GAIL, Reliance Industries, ITC, Kotak Mahindra Bank and YES Bank slid between 1.40 per cent and 2.85 per cent.

Among the sectoral indices on the Bombay Stock Exchange, the BSE FMCG index dipped the most — 1.04 per cent, followed by BSE Healthcare (down 1 per cent) and BSE Oil & Gas index (down 0.85 per cent). The BSE Metal index and BSE Consumer Durables index gained 0.32 per cent and 0.24 per cent, respectively.

Jayant Manglik, president, retail distribution, Religare Securities, said, “After six days of successive rise, the benchmarks lost nearly half a percent on Thursday as participants preferred to book some profit ahead of earning season, which is scheduled to begin from next week.”

The BSE Sensex and NSE Nifty gained 1,419 points and 381.70 points in the past six trading sessions till October 7.

On Thursday’s fall, Nikhil Kamath, director, trading and risk, Zerodha, said, “Market participants usually book profits when such a sharp move occurs in a short span of time, leading to a snap in the rally. The next big trigger for markets is Infosys Q2 results, which is expected on October 12. Hopefully, Infosys will continue to surprise the market and the positive sentiment will continue.” Infosys shares closed 0.01 per cent down at Rs 1,133.

Overall market breadth for the day remained negative with 35 of the 50 Nifty stocks ending the day in red.

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Markets through the day

3.30 pm: Sensex snapped six-day winning streak on Thursday and slid 190.04 points at 26,845.81 while Nifty lost 48.05 points at 8,129.35.

3.20 pm: Rajesh Exports shares gained over 1 per cent after the company informed BSE that it has bagged an export order worth Rs 1,360 crore of designer range of gold and diamond studded jewellery and medallions from UAE. The order is to be completed by 31 January 2016.  Execution of this order will significantly add to the bottom line of the company. Sensex was down 180 points at 26,855.

2.53 pm: Shares of Apollo Hospitals Enterprise were down 1.60 per cent to Rs 1,456. Apollo Health & Lifestyle (AHLL), a subsidiary of Apollo Hospitals Enterprise, is planning to invest upto Rs 500 crore for business expansion. The company has undergone a significant expansion in the past 3 years and has plans for continued growth and expansion over the next 5 years. The company is also planning to invite Private equity investors to participate in this growth opportunity. AHLL operates in a large and rapidly growth healthcare market with a portfolio of formats that have strong synergies amongst themselves and enable Apollo to provide a continuum of care to patients.

2.33 pm: Shares of Tribhovandas Bhimji Zaveri jumped as much as 17 per cent intraday on Thursday after the company informed BSE that it has tied up with Snapdeal, India’s leading online marketplace, to offer consumers TBZ – The Original’s diamond jewellery and gold coins on Snapdeal’s online marketplace. Sensex was down 239 points, or 0.89 per cent, at 26,796.07.

2.28 pm: Shares of Tata Steel rose by 2.5 per cent today after the company said its UK arm has concluded the actuarial valuation of British Steel Pension Scheme (BSPS) and the deficit in the scheme has reduced to 90 million pound (around USD 138 million) as on March 31, 2014.

1.41 pm: Sensex was down 185 points at 26,850. The BSE Midcap index and BSE Smallcap index were down 0.87 per cent and 0.32 per cent respectively.

12.50 pm: Meanwhile, Mahindra & Mahindra (M&M) has been assigned a Baa3 foreign currency and local currency issuer rating with stable outlook by Moody’s Investor Service, which is a leading international credit rating agency. The rating reflects M&M’s diversified business profile, leading market position in India, long track record of successful operation, strong corporate governance practices, financial flexibility and conservative financial policies. M&M shares were trading 0.69 per cent down at Rs 1276.50 apiece.

12.13 pm: Indian rupee weakened against dollar in early deals on Thursday due to fresh demand for the dollar from importers. Further, firm dollar against major global currencies too dampened rupee sentiment. Rupee was trading at 65.17, weaker by 20 paise from its previous close of 64.97 on Wednesday. The currency touched a high and low of 65.1825 and 65.02 respectively. Sensex was down 214 points at 26,821.

12.01 pm: Sensex was down 185 points at 26,850. Meanwhile, foreign investors sold shares worth Rs 50.60 crore Wednesday as per provisional data.

11.37 am: Sensex was down 202.24 points at 26,833.61. Pharma and bank shares were the major losers during the session so far as their respective sectoral indices fell by 0.98 per cent and 0.97 per cent. Shares of Lupin were down by 1.34 per cent while shares of ICICI Bank — India’s largest private sector bank lost — 1.18 per cent.

11.32 am: Shares of  IT companies were trading in the green as the BSE sectoral index for  technology companies went up by 0.30 per cent. Shares of Infosys and Wipro were up 0.49 per cent and 0.71 per cent respectively. Shares of majority of IT shares have rallied in the last one week ahead of quarterly results. Kotak Institutional Equities said in a note to investors that the quarter ending on September 31 would be good for IT companies. “We  expect  robust   sequential  growth  in  constant  currency  for Tier-1  IT. Growth  will  be  led  by  a  mix  of  seasonal  strength  and continued  strong  spend  in  key  verticals.  About  2.5 per cent rupee  depreciation will  provide  60-80  basis points  boost  to  EBIT  margin” the note said. Sensex was down 175.39 points at 26,860.

11.09 am: Sensex down 125.16 points at 26,910.69. Nifty trading 31.20 points down at 8,146.20. BSE Metal index up 0.40 per cent.

10.31 am: Among the sectoral indices on the Bombay Stock Exchange, the BSE FMCG index and BSE Healthcare index were down 0.77 per cent and 0.46 per cent, respectively. The BSE Sensex and NSE Nifty were down 107 points and 26.60 points at 26,949 and 8153, respectively.

10.06 am: Sensex was down 121 points at 26,914. Tata Motors shares were up 1.11 per cent at Rs 345. Tata Motors has launched two new cars- Tata Bolt hatch and sedan in South Africa. The Bolt hatch and sedan, extends Tata South Africa’s passenger product portfolio, and offers an upgrade of distinctive style and remarkable features. Manufactured in Pune, India, the Bolt range has a new design language and offers comfortable and responsive driving experience.

10.00 am: Sensex was down 97 points at 26,939. Nifty was down 21.60 points at 8,155.80. Bajaj Corp reported results for second quarter ended September 30, 2015 on Wednesday. The company reported a rise of 24.95 per cent in its net profit at Rs 46.78 crore for the quarter as compared to Rs 37.44 crore for the same quarter in the previous year. Total income from operations of the company has increased by 10.73 per cent at Rs 208.19 crore for quarter under review as compared to Rs 188.01 crore for the quarter ended September 30, 2014. Bajaj Corp shares were trading 0.63 per cent up at Rs 445.65 apiece.

9.48 am: Sagar Cements has reported the cement production and sales figures for September 2015. The cement production for September 2015 stood at 1,22,642 million tonnes (MT), an increase of 7 per cent, compared to 1,14,693 MT produced in September 2014. The cement sales for September 2015 stood at 1,15,225 MT, an increase of 6 per cent, compared to 1,08,611 MT in September 2014. Shares of Sagar Cements were trading 1.19 per cent down at Rs 390.10 apiece in the early trade.

9.46 am: The rupee depreciated 18 paise to 65.13 against the dollar at the Interbank Foreign Exchange in early trade Thursday on buying of the US currency by importers.

9.22 am: Sensex was down 0.16 per cent at 26,991. Nifty was down 0.08 per cent at 8,171. MAN Industries surged over 6 per cent in the morning trade after the company informed BSE that it has received orders worth approximately Rs 700 crore from international and domestic customers for supply of pipes for Oil, Gas and Water sector projects. With these new orders the outstanding order book as on date stands at approximately Rs 1,300 crore to be executed over a period of 6 to 8 months, this will result in significant improvement in the coming quarters.

Domestic equity markets opened on a positive note following global cues. The BSE Sensex opened 81 points up 27,116.86. Nifty opened 19 points up 8,196.75.

In the 30-share index, Vedanta was up 2.43 per cent at Rs 92.90, followed by Tata Steel (up 1.12 per cent) and Tata Motors (up 1 per cent).

BSE Sensex and NSE Nifty rose for a sixth consecutive trading session on Wednesday on the back of positive global markets and strong rupee. Sensex gained 102.97 points or 0.38 per cent to 27,035.85 and Nifty gained 24.50 points or 0.30 per cent to 8,177.40.

(With inputs from agencies)