By Malvika Gurung
Investing.com -- Indian equity benchmark indices ended the session lower, extending losses to the second straight day on Thursday, amid rising oil prices, prospects of the US Fed raising interest rates aggressively at the next meeting in May, and the Russia-Ukraine war showing no signs of dying out even after almost a month.
Banking stocks pulled the markets lower in today’s session, with the sectoral index Nifty Bank posting its worst day since March 7.
Sectoral indices under the Nifty basket ended on a positive note except banking and financial indices, with Nifty Private Bank slumping 1.79% and Nifty Bank dropping 1.72%. Nifty Media , on the other hand, rallied 5.9%, led by a 16.9% jump in Zee Entertainment (NS: ZEE ).
44% of stocks listed on Nifty ended in green, led by Dr Reddy zooming 4.7%, while Coal India (NS: COAL ), UltraTech Cement (NS: ULTC ), Hindalco Industries (NS: HALC ) were among major gainers. Kotak Mahindra Bank (NS: KTKM ) slumped the most, along with Titan (NS: TITN ), HDFC Bank (NS: HDBK ), and ICICI Bank (NS: ICBK ).
On the 30-scrip Sensex, 17 stocks ended in green.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.