Indian stock markets finished lower on Thursday with BSE Sensex and NSE Nifty ending marginally down in negative territory. Due to the plunge in shares of India’s second-largest bank by market capitalisation Kotak Mahindra Bank following Q1 FY19 results. The Indian rupee shed 24 paise against US dollar in the afternoon deals. Indian equities started the day at a positive note on Monday with BSE Sensex gaining more than 100 points and NSE Nifty retaking 11,000. On the wider stretch, the domestic markets traded under pressure on Thursday with small and mid-cap stocks facing the bearing the major brunt. The benchmark Nifty Smallcap 100 and Nifty Midcap 100 were down up to 1.3%.
Crude oil prices were mixed on Thursday as the market struggled to digest signs of strong gasoline demand in the United States, the world’s biggest consumer of the fuel, with a statement from oil producers that they are putting more crude on the market, a Reuters report said. Meanwhile, Asian shares made early gains on Thursday as upbeat Wall Street earnings supported global investor sentiment. Although trade war jitters pushed China’s offshore yuan to a fresh one-year low, Reuters reported.
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