Sensex, Nifty Snap Two-day Winning Streak As Recession Worries Weigh
(RTTNews) - Indian shares ended Thursday's session modestly lower after two consecutive sessions of gains.
While fears of a possible U.S. recession weighed, falling oil prices and a weaker dollar overseas lent some support.
Global cues were broadly negative as weak U.S. data and hawkish Fed comments stoked recession worries.
The benchmark S&P/BSE Sensex ended the session down 187.31 points, or 0.31 percent, at 60,858.43, while the broader NSE Nifty index settled 57.50 points, or 0.32 percent, at 18,107.85.
Mid-cap and small-cap indexes followed suit and the market breadth was skewed in favor of the bears.
Adani Enterprises led losses to close nearly 4 percent lower after announcing the floor price for its follow-on public offer.
Adani Ports, IndusInd Bank, Tata Motors and Asian Paints fell 2-3 percent.
On the positive side, Coal India rallied 3.3 percent after the government said that it has set a coal production target of more than one billion tons (BT) for the next financial year.
ONGC rose 1.4 percent to hit an over six-month high in intraday trading on hopes of strong earnings growth.
TSX Pares Gains After Hitting Fresh Record High; Gildan Activewear Soars 11%
Swiss Market Ends On Firm Note
European Stocks Close Mostly Higher
Bay Street Likely To Open On Positive Note
U.S. Dollar Extends Fall Amid Fed Rate Cut Speculation
FTSE 100 Modestly Higher; Beazley Plunges Sharply
CAC 40 Up Nearly 0.5%; Essilor Rises Sharply
