The Indian markets ended modestly lower on Thursday even as risk sentiment improved somewhat globally. The benchmark index BSE Sensex fell 114.06 points or 0.41 percent to 27,573.66, extending losses for the third straight session. The broader Nifty index closed at 8,328.55, down 34.50 points or 0.41 percent from its previous close.
IT stocks came under selling pressure as investors awaited TCS' June quarter results due out later in the day. While TCS dropped 2.5 percent, Wipro, HCL Technologies and Infosys fell 1-2 percent.
Shares of Tata Motors declined 1.7 percent on fears of slowdown in China JLR sales. Essar Oil slumped 5.2 percent, reversing early gains after Rosneft signed a preliminary agreement to acquire a 49 percent stake in its Vadinar refinery.
Capital goods manufacturers like Larsen & Toubro and BHEL rose 2-3 percent ahead of industrial output data for May due on Friday.
On the global front, the Chinese stock markets rallied as authorities rushed out another raft of unorthodox measures such as banning major shareholder selling for the next six months and supporting firms' share buybacks by offering collateralized loans, aimed at halting the dramatic slide.
Data portraying a slight uptick in China's consumer inflation in June also soothed investor nerves, helping power a nearly 6 percent rally in China's benchmark Shanghai Composite index. Hong Kong's Hang Seng index climbed almost 4 percent.
The markets elsewhere across Asia recouped most of their early losses to end on a steady note, buoyed by solid core machinery data out of Japan and Australian employment data. Seoul shares rebounded from a four-month low as the country's central bank kept its policy rate steady, in a widely expected decision.
The European markets rallied in early trade, extending gains for the second straight session, on growing hopes that Greece's debt crisis will be resolved in few days. Greek Prime Minister Alexi Tsipras told European parliament that he would submit a detailed reform plan to the Eurozone on Thursday aimed at resolving the country's debt crisis.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.