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.>