Closing Bell: Markets snap six-day gaining streak; Sensex falls marginally, Nifty ends below 17,400 ahead of RBI MPC meet

The domestic markets snapped a six-day winning streak on Thursday to close marginally negative, ahead of the Reserve Bank of India’s monetary policy tomorrow. The BSE Sensex dipped by over 118 points, while Nifty50 settled below 17400 level, mainly dragged by banking and financial services.

At the market close, the BSE Sensex declined marginally by 118.15 points or 0.20 per cent to 59,232, while Nifty50 dipped by 24 points or 0.14 per cent to 17364.5. The broader markets closed mixed on Thursday as Nifty Midcap jumped almost 0.6 per cent, while the Nifty smallcap down 0.36 per cent.

As many as 27 stocks advanced, 22 declined and one remained unchanged on Nifty50 index at the close. Pharma and healthcare stocks such as Cipla, Sun Pharma and Apollo Hospital were among the top gainers up around 3.5, 2.5 and 2 per cent respectively on the NSE at the market close.

While Nestle India, Infosys each surged over 2.5 and 2 per cent along with metal stocks like JSW Steel and Hindalco closed almost 2 per cent higher at the close. 

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