MUMBAI: Domestic equity benchmark BSE Sensex dropped over 150 points Thursday, dragged by losses IT stocks, despite strong global cues.
The 30-share index, however, pared some losses and was trading 34.59 points, or 0.09 per cent, lower at 39,078.15 at 0930 hours. Similarly, the broader NSE Nifty was quoting 23.45 points, or 0.20 per cent, down at 11,668.In the previous session Wednesday, the BSE gauge settled 66.40 points, or 0.17 per cent, higher at 39,112.74, while the Nifty closed almost flat at 11,691.45, reports PTI.
Top losers in the Sensex pack included Yes Bank, IndusInd Bank, TCS, Maruti, Infosys, Asian Paints, Tata Steel, Tata Motors, Axis Bank and HCL Tech, shedding up to 1.43 per cent.
On the other hand, Bharti Airtel, Kotak Bank, Coal India, RIL, L&T, PowerGrid and HDFC gained up to 1.10 per cent.
According to experts, investors were cautious despite strong cues from global markets, amid concerns over weakening economic data, lack of liquidity and deficit in monsoon.
Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading significantly higher in their respective early sessions after the US Fed policy outcome.