Indian shares succumbed to profit taking on Thursday as global sentiment turned cautious on renewed concerns over slowing global growth and lingering uncertainty over the EU referendum outcome on Britain’s membership of the European Union.
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Participants also preferred to cut down on their positions ahead of the US Federal Reserve meet next week, brokers said.
During the intra-day trade, the Sensex touched a high of 26,972.06 points and a low of 26,620.50 points.
The sensitive index (Sensex) of the BSE, which had closed at 27,020.66 on Wednesday, opened lower at 26,994.48.
Moreover, a weak trend at other Asian bourses following overnight losses in the U.S. and European markets dented sentiment.
Sectoral indices led by IT, teck, healthcare, auto and FMCG were trading in the negative zone, falling by up to 1.20 per cent. The gauge had risen by 243.21 points in the past two days.
The wider Nifty of the National Stock Exchange (NSE) ended at 8,170.05 points – down 33.55 points or 0.41 per cent.
Brokers said apart from weak Asian cues, investors booked profit after recent gains, pushing the indices down.
Infosys, TCS, Wipro and Tech Mahindra fell between 0.3 percent and 2 percent.
The major Sensex gainers on Thursday were: Coal India, up 2.13 per cent at Rs 313.35; ONGC, up 1.99 per cent at Rs 220; Reliance Industries, up 1.81 per cent at Rs 971.45; and NTPC, up 1.66 per cent at Rs 150.40.
Meanwhile, foreign investors bought shares worth a net Rs 529.16 crore yesterday, as per provisional data.
European shares too were trading lower with indices in France and the United Kingdom falling by 0.43 percent to 0.87 percent.
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Elsewhere in Asia, Hong Kong’s Hang Seng shed 0.75 per cent while Japan’s Nikkei was down 0.49 per cent in morning trade on Friday.
