Key Points
Indian equity indices reversed their early gains and ended in the red on Thursday, even as most global markets advanced following an expected 25 bps rate hike by US Fed...
The broader NSE Nifty dropped 0.60% to end below the 19,700 level...
In the Sensex pack, M&M was the top laggard, falling over 6%, as the company disclosed plans to expand its footprint in the banking sector by picking a stake in private sector lender RBL Bank..
Despite this, the domestic market witnessed sharp corrections led by banks and autos, while pharma stocks performed on a positive start to their earnings season, Nair added...
The Indian rupee ended slightly higher on Thursday after remaining rangebound through the day, as broad weakness in the greenback and corporate dollar inflows helped offset demand from importers...
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