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The BSE Sensex ended with a loss of 305 points at 25,400. The BSE Sensex opened at 25,714 touched an intra-day high of 25,714.56 and low of 25,369. The NSE Nifty closed with a loss of 87 points at 7,783. The NSE Nifty opened at 7,785 hitting a high of 7,876 and low of 7,775.
On the global front, Asian stocks fell as markets scrambled to factor in the possibility of another interest rate increase by the Federal Reserve as early as June. Shanghai Composite Index closed down marginally at 2,807.33. Hang Seng dropped 0.67%.
European market dropped on Thursday, with weaker oil and metal prices putting pressure on commodity stocks, while concerns about another US rate hike in the near-term also weighed on markets. The FTSE 100 is trading lower by 1.39%. DAX and the CAC 40 are trading marginally down 1% each.
The Indian Rupee was trading down 36 paise at 66.33 per US dollar. Bharti Infratel, BPCL, Power Grid, Wipro, Zee Ent,Lupin, Tata Motors, TCS, Hero MotoCorp and Dr.Reddy's were among the gainers on NSE, whereas Adani Ports, SBI, Bank of Baroda, L&T, Eicher Motors and HDFC were among the losers today.
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