Key benchmark indices Sensex and Nifty closed lower for a second day on Thursday in a volatile session after a selloff in banking and IT stocks amid lingering geopolitical worries.
After oscillating over 700 points between gains and losses during the day, the 30-share BSE Sensex finally ended 104.67 points or 0.18 per cent lower at 57,892 points. As many as 19 constituents declined while 11 advanced.
The broader NSE Nifty dropped 17.60 points or 0.10 per cent to settle the day at 17,304.60 - marking its second straight session of loss. Among Sensex stocks, ICICI Bank fell the most by 2 per cent, followed by UltratechCement (1.9 per cent) and Axis Bank (1.79 per cent). IndusInd Bank declined by 1.27 per cent, Nestle by 0.85 per cent and TCS by 0.76 per cent. Infosys, HDFC Bank, SBI, Kotak Bank, and Bharti Airtel also declined. However, gains in HDFC and Reliance Industries restricted the losses in the Sensex.HDFC rose the most by 1.71 per cent while Reliance Industries advanced by 1.35 per cent.