The Indian stock market extended losses for the third consecutive session today, with the Sensex closing 218.78 points or 0.62% lower at 34,981.02 points. The NSE Nifty closed below the 10,550-mark. All sectoral indices on the National Stock Exchange — barring the media index — slipped into the negative territory. M&M was the top loser on both the headline indices.
The BSE Sensex rose over 150 points during the early morning trade session on Thursday after opening on a flat note with marginal gains. The NSE Nifty, too, edged higher and moved closer to the 10,650-mark. Bharti Airtel was the top loser in opening trade.
Asian shares seesawed in cautious trading on Thursday with China extending losses as investors fretted about slowing global growth in the face of rising U.S. interest rates and trade tensions, said a Reuters report. Oil prices slipped after US crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although the potential for a supply cut by OPEC prevented further drops.