Sensex, Nifty give up some of its gains; after continued rally for six days

a mild volatility erupted as today being the last session of January expiry

Sensex, Nifty give up some of its gains; after continued rally for six days

BSE Sensex on Thursday fell over 111 points to close at 36,050.44.

Similarly, the NSE Nifty concluded the session with a loss of over 16 points at 11,069.65.

This meant that Indian stock market finally took a sigh after continued upward surge.

The benchmark indices Sensex and Nifty slid down from their closing peaks after emergence of sell-off in recent high-flying counters.

This was majorly driven by under-pressure banking stocks, which had recently seen sharp run-up in valuation, as the market was concerned over government’s move to allocate higher capital to weaker banks.

Besides, a mild volatility erupted as today being the last session of January expiry in the derivatives segment and also ahead of a long weekend.

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