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Benchmark Sensex, Nifty end in the red

| | Jan 14, 2016, at 10:53 pm
#Sensex # NSE Sensex # Nifty
Mumbai, Jan 14 (IBNS): The benchmark indices BSE Sensex and NSE Nifty ended Thursday on a muted note, down by over 80 points (at 24,77 points) and by 26 points (at 7,537 points) respectively, largely owing to global cues, including the blast in Indonesia, but managed to offset the gloom following the brilliant results posted by Infosys.

Crude oil prices remained near 12-year lows on the prospect of Iran unleashing its oil on an oversupplied market and few signs of improving demand in a fragile global economy. Brent crude fell as much as USD 29.73 a barrel, the lowest level since Feb 2004, before steadying at USD 30.66 a barrel (up 1.15% at 4 pm IST), according to moneycontrol.com.

Infosys boosted market sentiment by posting better-than-expected third quarter earnings.

Tata Steel was downgraded to BB- by the global rating agency S&P, which stated that the company's subdued operating performance led by subdued demand and low steel prices led to the decision. The company's shares took a hit.

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