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Mumbai. In volatile trading, the local stock markets lost their initial rise on Thursday, but both the benchmark indices remained in loss. Due to profit booking in the shares of major companies, BSE Sensex fell by 135 points while NSE Nifty fell marginally by four points. BSE Sensex based on 30 shares closed at 75,183.36 points, falling 135.03 points or 0.18 percent.

During trading, it reached a high of 75,945.79 points and reached a low of 74,996.78 points. That means it fluctuated by 949.01 points. NSE Nifty based on fifty shares closed at 23,654.70 points with a slight decline of 4.30 points or 0.02 percent. Among Sensex companies, shares of Bajaj Finance, Tech Mahindra, Hindustan Unilever, Infosys, Bajaj Finserv and Bharti Airtel were major losers.

On the other hand, the profitable stocks include InterGlobe Aviation, Trent, Bharat Electronics and Adani Ports. Hariprasad K, research analyst and founder of Livelong Wealth, said, “There were ups and downs in the Indian stock markets. “Standard indices gave up their strong early gains due to strong resistance at higher levels and concerns over macroeconomic conditions amid positive global cues.”

Global oil benchmark Brent crude fell 0.71 per cent to $104.3 per barrel. Elsewhere in Asia, South Korea’s Kospi and Japan’s Nikkei closed with gains. China’s Shanghai Composite and Hong Kong’s Hang Seng closed with losses. There was a bullish trend in the major markets of Europe in afternoon trading.

American markets closed with significant gains on Wednesday. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,597.35 crore on Wednesday. BSE Sensex had closed 117.54 points higher at 75,318.39 points on Wednesday, while Nifty was up 41 points at 23,659 points.

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