Markets halt six-day rally; end slightly lower than middle of profit booking



Equity benchmarks snapped their six-session rally to close slightly lower on Thursday amid the booking of profits in banking and energy meters.

Investors also stayed away ahead of the outcome of the RBI’s policy meeting on Friday.

In a choppy trade, the 30-share BSE Sensex finished 51.73 points or 0.09% lower at 58,298.80.

During the day, it reached a low of 57,577.05 and a high of 58,712.66. The wider NSE Nifty fell 6.15 points or 0.04% to end at 17,382.

“Profit-taking finally came into play after 6-session gains as rate-sensitive sectors like banking and property faltered ahead of the outcome of Friday’s RBI policy meeting. Key indices fell most of their losses towards the end as strength in other Asian and European indices bolstered sentiment,” said Shrikant Chouhan, head of equity research (retail) at Kotak Securities.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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