Nifty Gives Up 11,000, Snaps Five-Day Winning Streak: Highlights
Domestic stock markets fell on Thursday as the markets reversed the day's gains amid selling in auto, IT and energy shares. The S&P BSE Sensex index, which added as much as 164.33 points to touch 37,435.15 on the upside, fell 386.48 points from that level in the second half of the session. The broader NSE Nifty benchmark slid below the 11,000 mark, retreating as much as 116.8 points from its intraday high of 11,081.75. Losses in automobile and energy stocks dragged the markets lower as financial stocks trimmed gains in afternoon trade. Yes Bank, Tata Motors, Maruti Suzuki and Axis Bank were the top laggards on both benchmark indices. Analysts awaited the release of macroeconomic data for cues and more clarity on interest rates going forward.