The Indian stock market fell on Thursday with the BSE Sensex losing 193.70 points to close at 62,428.54. The decline was due to heavy selling across several sectors, including Commodities, Financial Services, and Energy, as global cues remained weak. Despite strong economic data indicating that the country’s GDP grew at 7.2% in FY23, higher than the official forecast of 7%, profit booking has been observed for yet another session. The GDP growth was largely driven by the agriculture, construction, and services sectors. In sectoral indices, commodities, financial services, and energy kept the market down. The Mid Cap rose by 0.11% and Small Cap by 0.61%. In terms of top losers among the 30 scrips, Bharti Airtel slipped 3.64%, Kotak Bank by 3.29%, ICICI Bank by 1.22%, ITC by 1.22%, and HDFC Bank by 0.60%. Tara Motors, Asian Paints, Hind Unilever, and Sun Pharma were among the top gainers. Of the 30 scrips, 17 advanced while 13 declined.
Sensex drops by 193.70 points
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