Moneycontrol
Last Updated : Jan 25, 2018 05:24 PM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Indices snap 6-day gaining streak, close lower despite late recovery

Profit booking in technology, auto, pharma stocks, and PSU banks after announcement of recapitalisation amount for current fiscal pushed the market lower.

Benchmark indices lost ground for the first time in last seven consecutive sessions on Thursday with the Sensex falling more than 100 points. The Nifty, however, ended the January series with 6 percent gains.

Profit booking in technology, auto, pharma stocks, and PSU banks after announcement of recapitalisation amount for current fiscal pushed the market lower. However, gains in private banks, metals and infra stocks capped losses.

For more, watch the Markets@Moneycontrol show where Moneycontrol correspondent Uttaresh Venkateswaran speaks to Anchal Pathak about what moved the markets today.
First Published on Jan 25, 2018 04:56 pm
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