Stock market highlights: After opening marginally lower on Thursday morning, the Sensex and Nifty extended losses in the afternoon trade on Thursday. The Sensex closed 324 points down at 38,730.86, while the Nifty closed below the 11,650-mark. Maruti Suzuki shares ended 2.3% lower at Rs 6,868.05, while Tata Steel shares ended 3% lower.
Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. The euro slumped to a 22-month low against the US dollar overnight after the drop in German business confidence highlighted the divergence between data in the euro zone and the United States, Reuters reported. We bring to you live updates.