FINAL TRADE: Nifty ends near 25,200 levels; gains in pharma, FMCG and realty stocks aid recovery
After a nearly 14-day continuous run, Indian equities traded lower as global cues weakened.
Indian equities amid a drag in the global equities ended lower after a fourteen-day long winning streak. At the close, Nifty ended near 25,200 level at 25,198.7, down 0.32 per cent or 81.15 points, led by gains in the pharma, FMCG and realty stocks, Meanwhile, the BSE 30-share Sensex ended lower by 0.25 per cent or 202.8 points at 82,352.64.
Sectorally, after a broad-based sell-off seen in the earlier part of the trading session, some of the sectors helped the recovery. Nonetheless, PSU Banking, IT and metal packs suffered the most losses of up to 2 per cent.
Vinod Nair, Head of Research, Geojit Financial Services said, "The warning signals from weak US manufacturing data added concerns about a potential slowdown in the US economy, which dragged the domestic indices. Further, a sluggish Chinese outlook exacerbated the decline in oil price to a nine-month low. Due to a lack of major domestic triggers, the indices will take direction based on global cues."
Meanwhile, European stocks also traded with a crack of up to 0.8 per cent as the US economic growth concerns instilled risk-off sentiment.
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03:47 PM IST