New Delhi: The equity index fell on Thursday after surging for three direct sessions with BSE Sensex benchmarks falling more than 750 points in the middle of ordering profits by investors.
The 30-share BSE index fell 770 points or 1.29 percent to close at 58,788.
Meanwhile, the wider NIFTY NSE settled 220 points or 1.24 percent lower at 17,560.
HDFC, Infosys, L & T, Bank Box, Bajaj Finserv and Tech Mahindra are the main losers on the sensex package falling as much as 3.41 percent.
On the NSE platform, sub-index nifty, realty and financial services fell by 2.05 percent.
Meanwhile, the Nifty automatic index, meanwhile, rose 0.44 percent, led by strong profits at the top of Maruti Suzuki cars and motorcycle two-wheeled vehicle makers and Motocorp heroes.
Both Sensex and Nifty have risen by around 4 percent of each of the last three sessions, with most of the gains that came after the budget where the government announced a higher expenditure to refill the economy of the pandemic-hit.
“The market has been supported by growth-oriented budgets, but we now have to really see what happens globally.
Until the dust settled around interest rates, volatility will remain,” Aishvarya Dadheech, a fund manager at Ambit Asset Management to the news of Reuters .
The Indian service sector activity was further moderated in January because the new business rose at a pace that felt more slowly amid the increasing pandemic, reintroduction of restrictions and inflationary pressures, the monthly survey said on Thursday.
Foreign institutional investors (FIIS) remain clean sellers in the capital market, demolition of shares worth RS 183.60 Crore on Wednesday, according to the exchange data.
(With input from the agency)