The Sensex and Nifty finished the holiday-shortened week 1.3% and 1.5% lower respectively Stock markets reversed early gains to close lower on Thursday, as selloff witnessed in banking, financial services, metal and energy stocks weighed on the indices.
BSE benchmark index Sensex ended 218 points or 0.62 per cent lower at 34,981 while the Nifty index of the National Stock Exchange (NSE) settled at 10,526, down 73 points - or 0.7 per cent - from the previous close.
Thursday also marked a third consecutive trading session in which the key indices finished lower.
Top laggards on the 50-scrip Nifty were Mahindra Mahindra, Grasim, Hindalco Industries, Bajaj Finance and Indian Oil, closing between 2.4 per cent and 3 per cent lower.