Sensex cools off after four-day rally, RIL leads losers1 min read . Updated: 07 Feb 2020, 04:12 PM IST
- Global markets also lost some steam today after a week-long rally
- Sensex had surged about 1,500 points in past four sessions
Indian markets ended lower today, snapping a four-day winning run. The Sensex fell 164 points to settle at 41,141 while the broader Nifty declined 0.42% to 12,086, led by heavyweights like RIL, HDFC and ICICI Bank. Global markets also lost some steam today after a week-long rally. In previous four sessions, the Sensex had surged about 1,500 points.
Among the Sensex stocks, IndusInd Bank fell 2.8%, M&M 2%, RIL 2%, HDFC 1.2% and ICICI Bank 1.12%. On the other hand, NTPC, ONGC, and Axis Bank were among the other top gainers.
The broader markets outperformed today with BSE midcap index rising 0.44% and smallcap index 0.75%.
Global markets were moderately lower today after a week-long rally as investors took profits and assess developments in China's deadly coronavirus crisis. Strong US data and China's stimulus measures have provided a boost to equities after last week's sell-off. Also cheering the mood was China's decision on Thursday to halve tariffs on $75 billion of US goods.
(With Agency Inputs)