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Sensex, Nifty Fall For Third Day

Indian shares fell for a third straight session on Thursday, although losses remained modest after impressive core sector data for January and rebounding GDP growth suggested the Indian economy is recovering from the negative impact of demonetization and disruption caused by GST roll out.

The benchmark BSE Sensex ended down 137.10 points or 0.40 percent at 34,046.94, tracking weak global markets as investors awaited Federal Reserve chair Jerome Powell's second congressional testimony later in the day for further insights on U.S. inflation and interest rates.

The broader Nifty index dropped 34.50 points or 0.33 percent to 10,458.35, with ICICI Bank, Vedanta, Zee Entertainment Enterprises, SBI and Hindalco pacing decliners.

Indian equity, forex and commodity markets will remain closed tomorrow on account of Holi.

by RTT Staff Writer

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