Nifty, Sensex snap multi-day rally to end lower
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The broader NSE Nifty closed down 0.48% at 10,982.80, while the benchmark BSE Sensex ended 0.45% lower at 37,104.28. The BSE Sensex snapped three sessions of gains.
Indian shares gave up gains in the last hour of trade to end lower on Thursday, with the blue-chip NSE index snapping five consecutive sessions of gains, as auto and financial stocks weighed.
The broader NSE Nifty closed down 0.48% at 10,982.80, while the benchmark BSE Sensex ended 0.45% lower at 37,104.28. The BSE Sensex snapped three sessions of gains.
The Nifty auto index ended 1.88% lower, with Tata Motors Ltd and Maruti Suzuki Ltd shedding 4.76% and 3.11%, respectively.
Shares of Yes Bank Ltd and Axis Bank Ltd were among the top percentage losers on the NSE Nifty, closing down 5.1% and 2.76%, respectively.
Airline stocks bucked the trend, with Interglobe Aviation Ltd rising 3.55% to a record high, while smaller rival SpiceJet Ltd rose as much as 5.51% — its best intraday spike ever.