MUMBAI: After the US Federal Reserve said uncertainty about the return of the economy to the track, there was a sell-off in the domestic stock market on Thursday and the major stock index Sensex due to the breakdown of financial stocks. Fell over 200 points.
The 30-share BSE Sensex was down 216.76 points, or 0.55 percent, to trade at 39,086.09, while the NSE Nifty fell 44 points or 0.38 percent to 11,560.55 points. ICICI Bank fell the most by one percent in the Sensex. Apart from this, HDFC Bank, PowerGrid, Bajaj Auto, Kotak Bank, Axis Bank and L&T were also trading with losses.
On the other hand, HCL Tech, Tech Mahindra, Asian Paints, ONGC and Infosys were up. The Sensex had gained 258.50 points or 0.66 percent to close at 39,302.85 points in the previous session, while the Nifty climbed 82.75 points or 0.72 percent to close at 11,604.55. According to provisional data of the stock market, foreign institutional investors bought equity of Rs 264.66 crore on a gross basis on Wednesday. Meanwhile, major Asian markets were also trading in the red mark.
