Stock market downtrend

Domestic market Sensex and Nifty lost their seven-session gains in early trade on Thursday.
Analysts said falling crude oil prices in international markets failed to support markets as investors were seen selling their shares ahead of the Reserve Bank of India's (RBI) monetary policy decision. The 30-share BSE index was trading 211.21 points or 0.30 per cent lower at 69,442.52. The broader NSE Nifty slipped 58.95 points, or 0.28 per cent, to 20,878.75. Top losers in the Sensex pack included Hindustan Unilever, Bharti Airtel, ICICI Bank and Bajaj Finance.

On the other hand, shares of PowerGrid rose 1.25 percent, UltraTech Cement 1.07 percent, Asian Paints 0.96 percent and NTPC 0.76 percent. Maruti, Kotak Mahindra Bank and HCL Tech were among the gainers. Elsewhere in Asia, Japan's Nikkei ended lower. The US markets closed with a mixed trend on Wednesday. Global oil benchmark Brent crude was trading 0.47 per cent higher at USD 74.65 per barrel. Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 79.88 crore on Wednesday, according to exchange data.



(This story has not been edited by the NDTV team. )