Mumbai, July 24
The Indian stock market settled in negative territory on Thursday following heavy selling in IT, realty, consumer goods and energy sector amid Q1 earnings.
Breaking the last session's gaining momentum, Sensex closed at 82,184.17, down 542.47 points or 0.66 per cent. The 30-share index started the session with a slight gain at 82,779.95 against the previous day's closing of 82,726.64.
However, the index was not able to maintain the momentum due to selling in heavyweights from the IT, realty and consumer goods sectors. It touched an intra-day low of 82,047.22.
Nifty closed at 25,062.10, down 0.63 per cent or 157.80 points.
Sectoral performance was mixed, as PSU banks, healthcare, and pharma stocks outperformed, while the IT, construction, consumer goods, energy, and oil and gas sectors lagged, said Ashika Institutional Equities in its note.
Trent, Tech Mahindra, Bajaj FinServ, Reliance, Infosys, Kotak Bank, HCL Tech, ITC, Asian Paints, and TCS were the top losers from the Sensex basket. While Eternal, Tata Motors, Sun Pharma, and Tata Steel were among the gainers.
Meanwhile, 34 shares declined and 16 advanced from the Nifty 50.