New Delhi: The Indian stock market closed low on Thirsday with both the indices on the sensex recording a deficit. The BSE’s Sensex registered a loss of 528.28 points or 0.68 percent and closed at 77,620.21. The BSE’s index had an intraday fluctuation of 78,206.21 and 77,542.92.

Likewise, NSE Nifty 50 has lost 162.45 points, falling 0.69 per cent to settle at 23,526.50. The index attained a high of 23,689.50 and dipped to 23,503.05.

Nifty Today: Top Gainers And Losers

From the Nifty 50 index of stocks, Shriram Finance while losing almost 2.59 percent of its value took the top most position in suffering the losses with 34 other stocks lowering down to gain a position in the red. On a different note, Bajaj Auto, Nestle India, Hindustan Unilever, Britannia Industries, and Mahindra & Mahindra achieved up to a 2.11 percent lifting the burden.

How Broader Markets Performed?

Similar to the benchmarks, broader markets performed the same, Nifty Smallcap100 and Nifty Midcap100 indices went down by 0.93 percent and 1.35 percent, respectively. From a sectoral perspective, all indices rest red with the exception of Nifty FMCG index, which has been able to remain in the positive.

Market Wrap Up

The markets broadened the corrective phase, remaining under pressure and lost more than half a percent. Post a flat opening, Nifty started moving south and closed near the days low of 23,526.50. Most sectors participated in the benchmark with the exception of realty, energy and IT which were the biggest losers. Broader indices remained soft and also lost close to a percent each.

Transitioning to TCS's earnings announcements, 'TCS’s sentiments are expected to be released on early Friday trades and that could influence what the sentiment towards the market will be. The broader view indicates a bearish trend and market participants are advised to consider any interim rallies as potential to short the index There will be stock-centric action during earnings season but rather will be driven by result expectations so participants should adjust their strategies aiming for trades in strong sectors to go long and weak to go short,' He elaborated.