On Thursday, Indian market indices declined for the third straight day as global sentiment weakened following the release of hawkish Federal Reserve minutes from the United States. The Fed's March meeting minutes showed a growing fear among policymakers that inflation had spread throughout the economy, necessitating tighter monetary policy. Investors were also looking forward to the Reserve Bank of India's (RBI) bi-monthly policy announcement on Friday.
The 30-share BSE Sensex down 575 points, or 0.97 percent, to 59,035, while the broader NSE Nifty fell 168 points, or 0.94 percent, to 17,640, with 12 of the NSE's 15 sector indices closing in the red. Nifty Consumer Durables and Nifty IT fell 1.70 percent and 1.25 percent, respectively, underperforming the index.
The highest Nifty loser was Adani Ports, which fell 3.46 percent to Rs 820.45. Among the laggards were Titan, HDFC, ONGC, and TCS. Titan, HDFC Housing finance, HDFC Bank, TCS, Wipro, Reliance Industries, PowerGrid, Bharti Airtel, and L&T were among the top losers on the 30-share BSE index.
Axis Bank, Hindustan Unilever, ICICI Bank, M&M, DR Reddy's, and Tech Mahindra, on the other hand, all ended out in the green.
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