logo
Plus   Neg
Share
Email

Sensex, Nifty Snap Four-day Winning Run

Indian shares snapped a four-day winning streak on Thursday as investors looked ahead to Reliance Industries' earnings announcement due post-market hours.

Mixed global cues also weighed on markets ahead of the Good Friday and Easter holidays.

The benchmark BSE Sensex ended the session down 135.36 points or 0.34 percent at 39,140.28 while the broader Nifty index dropped 34.35 points or 0.29 percent to 11,752.80.

IndusInd Bank, Vedanta, Hindalco, Yes Bank and Indiabulls Housing Finance fell 3-4 percent in the Nifty pack, while Wipro, BPCL, Tata Motors, JSW Steel and Reliance Industries rose 1-3 percent.

Globally, other Asian markets ended broadly lower while European markets were mixed in early trade ahead of a long holiday weekend.

Growth worries resurfaced after a measure of Eurozone business activity barely grew in April. Growth stuttered in Germany while activity in France stabilized after contracting in March.

Investors also kept an eye on the latest developments in U.S.-China trade talks.

The Wall Street Journal reported, citing people familiar with the situation that negotiators are aiming for a signing ceremony in late May or early June.

For comments and feedback contact: editorial@rttnews.com

Market Analysis

Follow RTT