Domestic indices go down, Market sees heavy selling in IT, Realty, Oil & Gas

Hopes of Corona Vaccine pushes Sensex up 429 points

In keeping with a sharp downslide in Global markets, the domestic indices fell on Thursday and ended in losses as investors indulged in selling in IT, Realty and Oil and Gas stocks.

Western Markets experienced sharp decline and traders were trying to cope up with the Fed minutes which hinted towards an earlier expected rate hike to tackle inflation. In the result, domestic indices followed Global peers.

The 30-share-pack Sensex fell 621.31 points or 1.03 per cent to close at 59,601.84 while its broader peer Nifty at NSE slipped 179.35 points or 1 per cent to 17,745.90. 

Zee Learn hit the upper circuit with 20 per cent gains following news of acquisition by Bijou’s. Kaya and Kaya International were among the gainers. However, ITDC dropped due to delay in divestment.

The other gainers of the day included Mirza International, Rane (Madras), Panama Petrochem, Nahar Polyfilms.

Among the losers were PB Flutech, Tube Investments of India and ITDC.

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