Markets drop after recovery on Wednesday
Mumbai: Domestic benchmark indices started on a grim note on Thursday in the midst of weakness in global markets, a day after the BSE Sensex and NSE Nifty showed signs of improvement after losing for straight six days.
The Sensex slumped to 38,017.58, falling 160.37 points in the morning trade, while the broader NSE Nifty benchmark slid 44.3 points to 11,629.00.
Banks and financial stocks continued to move down, which led to the weakness in the markets. However, infrastructure and energy shares made gains that arrested the decline in the markets to some extent.
Global markets registered losses owing to uncertainties caused by US-China trade war.
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