The Indian share market ended on a negative note on Thursday, the expiry day of the ongoing derivative contracts. The S&P BSE Sensex ended 354 points lower than its intraday high, while the Nifty50 index slipped below the 17,550 mark.
The Sensex ended at 34,314, down 354 points or 1% from its intraday high of 34,668. Similarly, the Nifty50 index ended at 17,541, down 136 points or 0.8% from its intraday high of 17,677.
Among the sectoral indices, the Nifty IT index was the biggest loser, declining 2.3%, followed by the Nifty Realty index, which dropped 1.8%. The Nifty Auto index, Nifty Bank index and Nifty Media index were down 1.4%, 1.3% and 1.2%, respectively.
On the other hand, the Nifty FMCG index was the only gainer, rising 0.2%.
In terms of stocks, Wipro, Infosys, HCL Tech, Divi’s Labs and Bajaj Finance were the top losers, falling between 3.2% and 5%. On the other hand, ITC, Britannia, UPL, Maruti Suzuki and Hindustan Unilever rose between 1.3% and 2.6%.
In the broader market, the S&P BSE MidCap index ended 0.6% lower, while the S&P BSE SmallCap index ended 0.2% lower.
The market breadth was negative, with 1,078 stocks ending in the green, while 1,532 stocks ended in the red on the NSE.
In the currency market, the rupee closed at 74.37 against the US dollar, up 0.08% from its previous close of 74.42.
Meanwhile, the 10-year bond yield ended at 6.19%, up 0.02% from its previous close of 6.17%.
Overall, the Indian stock market ended on a negative note, as investors remained cautious ahead of the expiry of the ongoing derivative contracts.