Indian
share Markets extended its loss on Thursday closing after continuous
selling pressure in metal and banking stocks. BSE Sensex closed lower
by 239 points, or 0.74%, to 32,238, while the Nifty 50 fell 68 points
to 10,014 points.
The
BSE Mid-Cap index fell 0.5 percent and the BSE Small-Cap index shed
0.95 percent. The fall in this index was higher than the Sensex's
decline in percentage terms.
The
market breadth showed weakness. About 1,793 shares declined and 827
shares advanced and a total of 153 shares unchanged. Reliance shares
ended at new record closing high of Rs 1,655, up 1.6% after hitting
an intraday peak of Rs 1,665.
Metal
stocks declined after weak economic data in China. Jindal Steel &
Power down 10.02%, Bhushan Steel slipped 3.65%, Vedanta shed 0.48%
and Tata Steel down 1.4% among others.
The banking stocks will be in focus today after the Lok Sabha passed the Banking Regulation (Amendment) Bill, 2017 introduced last month to replace the existing ordinance promulgated in May this year to empower the Reserve Bank of India to deal with stressed assets. capitalstars
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