Key Points
Equity market benchmark indices Sensex and Nifty stayed on the back foot for the fifth straight session on Thursday as investors offloaded metal, banking and finance stocks amid a lacklustre trend in global markets...
Heavy foreign fund outflows after a hike in securities transaction tax and short-term capital gains tax also impacted markets' sentiment negatively...
After a sharp fall in intra-day trade, the 30-share BSE Sensex managed to recover some of the lost ground to settle 109.08 points or 0.14 per cent lower at 80,039.80, as a sharp rally in Tata Motors and Larsen & Toubro restricted markets fall..
From the Sensex pack, Axis Bank declined over 5 per cent after the company's June quarter earnings failed to cheer investors...
The BSE benchmark declined 280.16 points or 0.35 per cent to settle at 80,148.88 on Wednesday..
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