Markets back in red: Sensex down 25 points at 33,819; Nifty below 10,400
23/02/2018
NEW DELHI: Markets on Thursday ended in red ahead of the expiry of futures and options (F&O) contract, as the mood was dampened after the minutes of the Reserve Bank's latest policy meeting showed inflation concerns persisted.
The benchmark BSE Sensex closed 25 points or 0.07 per cent down at 33,819. While the broader NSE Nifty ended 14 points or 0.14 per cent lower at 10,382.
Major losers were ONGC, Asian Paints, Dr Reddy's, Tata Motors, Axis Bank and Maruti Suzuki falling by up to 2.19 per cent. "The minutes of the RBI meeting suggest RBI is still concerned about inflation ... all these have weakened sentiment further," said Neeraj Dewan, director, Quantum Securities.
"Domestic sentiment has become weak and global sentiment is also rubbing off to some extent," Dewan added.
On Wednesday, markets found its winning ways after three straight sessions of losses, with the Sensex rebounding over 141 points on sustained buying in IT stocks and a recovery in PSU bank counters.
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