Closing Market Update:
Key benchmark indices ended lower on Thursday with sharp falls in oil explorers such as Reliance Industries and ONGC after the government deferred a decision to hike prices of locally produced gas, while the expiry of monthly derivatives contracts also weighed on sentiment. CNX Nifty shut shop down by 76 points at 7493.
The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 15 advances to 35 declines.
Key benchmark indices ended lower on Thursday with sharp falls in oil explorers such as Reliance Industries and ONGC after the government deferred a decision to hike prices of locally produced gas, while the expiry of monthly derivatives contracts also weighed on sentiment. CNX Nifty shut shop down by 76 points at 7493.
The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 15 advances to 35 declines.
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