After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day on a negative note. Sectoral indices traded on a mixed note, with stocks in the banking sector and stocks in the pharma sector, leading the losses.
At the closing bell, the BSE Sensex stood lower by 216 points (down 0.6%) and the NSE Nifty closed down by 55 points (down 0.5%). The BSE Mid Cap index ended the day down 0.4%, while the BSE Small Cap index ended the day down by 0.3%.
The rupee was trading at Rs 67.80 against the US$ in the afternoon session. Oil prices were trading at US$ 75.75 at the time of writing.
Asian stock markets too finished in red. As of the most recent closing prices, the Hang Seng was down by 1% and the Shanghai Composite was down by 0.5%. The Nikkei 225 was down by 1.2%. Meanwhile, European markets, were trading on a negative note. The FTSE 100 was down by 1.7%, The DAX, was down by 1.4% while the CAC 40 was down by 1.2%
In news from . Infra lender recovered over Rs 2.8 billion from the debt ridden Bhushan Steel, recently acquired by Tata Steel under the insolvency process. ICFI has also been allotted 579,000 shares of Bhushan Steel.
IFCI was one of the creditors of Bhushan Steel, and has been allotted the shares after it filed its claim with the resolution professional appointed under the Insolvency and Bankruptcy Code (IBC).
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