Sensex drops 0.92% on profit booking

Similarly, the NSE Nifty 50 index fell 152 points, or 0.96%, to 15,728. The main losers were Tata Motors, JSW Steel, Hindalco, Tata Steel and ONGC.

Benchmark equity indices fell nearly 1% on Thursday amid global signals and profit booking.

The S&P BSE Sensex fell 486 points, or 0.92%, to close at 52,569 as stocks of metals, banks and pharmaceuticals lost ground. Major losers from the Sensex pack included Tata Steel, Sun Pharma, SBI, ICICI Bank and Dr. Reddy’s.

Similarly, the NSE Nifty 50 index fell 152 points, or 0.96%, to 15,728. The main losers were Tata Motors, JSW Steel, Hindalco, Tata Steel and ONGC.

Ajit Mishra, Vice President, Research, Religare Broking Ltd., said markets were under pressure due to weak global signals. “Among the sectors, selling pressure on metals, banking and the pharma pack deepened losses. Broader markets also ended in the red and lost between 0.1% and 0.4%.”

He said markets would react first to the TCS numbers early in the session on Friday and that could also set the tone for the outcome of the session.

“The demand scenario and management feedback will be crucial factors to watch in Q1FY22 results. We suggest watching leveraged bare positions and awaiting clarification,” he added.