BSE Sensex Ends Lower Amid Selling Pressure in Banking and Metal Stocks!

Domestic benchmark indices ended the trading session in negative territory after witnessing selling pressure during the second half of the day. Banking, financial and metal stocks dragged the market lower despite a positive opening. The Indian rupee also continued its decline, touching an all-time low of 96.61 during intraday trade before closing at 96.52 against the US dollar.

BSE Sensex opened higher at 75,441.27 and touched an intraday high of 75,746.27 before slipping into losses. The index finally settled 114.19 points lower at 75,200.85. NIFTY 50 also closed down by 31.95 points at 23,618. Shares of Kotak Mahindra Bank, UltraTech Cement, Titan, Bharti Airtel and Sun Pharma declined, while Infosys, HCL Technologies, Tech Mahindra and TCS ended with gains. Brent crude traded near $110 per barrel, while gold prices remained firm at $4,540 per ounce.