Bears remained in control on Thursday as Nifty bulls stayed on the sidelines following a slightly less dovish commentary from the US Federal Reserve.
After showing a sustainable bounce on Wednesday, the Nifty slipped into weakness on Thursday. The index opened 70 points lower and extended losses through the early to mid-session. Intraday recoveries failed to hold, and the index finally closed near the day's low.
Nifty ended the session down 176 points at 25,878.
The broader market closed in the red, with large caps underperforming midcaps. Nifty failed to hold the 25,900 mark, with nearly 40 of its constituents ending in the red.
Among individual stocks, Coal India, Larsen & Toubro, and Hindalco were the top gainers, while Dr. Reddy’s, Cipla, and HDFC Life led the laggards.
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