The Indian equity markets failed to sustain their early gains on Thursday, with the Sensex and Nifty 50 closing lower amid volatility and mixed global cues. The benchmark Sensex tumbled 836.34 points or 1.04 per cent to end the day at 79,541.79, while the Nifty 50 declined 284.70 points or 1.16 per cent to close at 24,199.35. However, the markets soon succumbed to selling pressure, with the Sensex hitting a low of 79,419.34 during the session. The top losers included Hindalco (-8.42 per cent), Trent (-6.12 per cent), Grasim (-3.07 per cent), Shriram Finance (-2.96 per cent), and Adani Enterprises (-2.74 per cent). Experts believe that the markets may consolidate in the near term, with key support levels at 23,800-24,000 for the Nifty 50.

Source: The Hindu November 07, 2024 11:44 UTC