Domestic equity benchmarks Sensex and Nifty closed lower on Thursday, mirroring the weakness in global markets after the US Federal Reserve’s rate cut. Investors also stayed on the sidelines, awaiting fresh cues from the ongoing US-China trade talks.

The combined market capitalisation of BSE-listed companies slipped to around Rs 472 lakh crore on Thursday, down from Rs 475 lakh crore in the previous session, eroding over Rs 3 lakh crore in investor wealth. Advertisement

At the closing bell, the Sensex declined 592.67 points, or 0.70 per cent, to close at 84,404.46, while the Nifty50 fell 176.05 points, or 0.68 per cent, to settle at 25,877.85.

Bharti Airtel emerged as the top loser on Sensex, falling 1.54 per cent to Rs 2,068. Power Grid followed with a 1.35 per cent decline, while Tec

See Full Page