Share market highlights: Sensex ends 50 points down, Nifty below 11,750; Yes Bank, Powergrid top gainers
Stock market highlights: The Sensex and Nifty turned choppy in the afternoon trade on Thursday, after trading higher in the late morning. The Sensex ended 50 points down to 38,981.43, while the Nifty is closed below the 11,750-mark. Jet Airways shares closed 12% lower at 134.85 after reports indicated that bidders have not shown interest in the airline. Yes Bank shares closed 3.5% higher at Rs 173.80, while Powergrid shares ended 1.9% higher at Rs 189, to emerge among the biggest Sensex gainers.
Asian markets marked time on Thursday with two major centres – Japan and China – shut for holidays while the dollar held on to overnight gains after the US central bank poured cold water on rate cut expectations. MSCI’s broadest index of Asia-Pacific shares outside Japan was off 0.1 percent, trading in a tight band. Australian shares slipped 0.7 percent while New Zealand was up 0.4 percent and South Korea’s Kospi index added 0.1 percent, Reuters reported.