The domestic equity market on Thursday opened with losses, tracking weak global cues. Though the repo rate hike decision taken by the Reserve Bank of India’s Monetary Policy Committee met the majority of market participants’ expectations, investors are still in the cautious mode today.
Key indices of the domestic market Sensex lost 120.88 points to 60,542.91 while Nifty declined 52 points to 17,817.65.
Gainers on Sensex were Bajaj Finance, Larsen and Toubro, Infosys, TCS and Power Grid while Tata Motors, UltraTech Cement, Bharti Airtel and Maruti were some of the laggards. In Asian markets, Japan’s Nikkei was down 126 points, Hong Kong’s Hang Seng was up 50 points, China’s Shanghai surged 20 points while S and P went down to 38 points.
In American markets, Dow Jones declined 207 points, Nasdaq lost 203 points, NYSE Composite declined 86 points while S and P went down 210 points.
In European markets, CAC 40 and Deutsche Borse were trading in the green, FTSE 100 was trading up 20 points while Ibex 35 surged 54 points.(ANI)
