Sensex Ends 80 Points Lower; Oil & Gas Stocks Fall

Indian shares fell on Thursday as investors booked profits in recent outperformers, while soft U.S. economic data, a relatively hawkish Federal Reserve and worries of political turmoil in the world’s largest economy hurt sentiment.

The BSE Sensex ended 0.26 per cent down at 31,075.73, while the broader NSE Nifty, which posted losses in two of the last three sessions, fell 0.42 per cent to 9,578.05.

Oil and gas shares were the biggest hit in today’s trade with their sub-index, BSE Oil & Gas falling 1.14 per cent. IT and banking were the other major sectoral losers today.

Among Nifty stocks, IOC was the top loser, down 3.24 per cent, followed by BPCL, which fell 3.24 per cent. Bharti Infratel, TCS, Hindalco were the other major losers in Nifty falling between 1.7-3 per cent.

Meanwhile, Aurobindo Pharma rose 6.94 per cent to be the top gainer in Nifty. Reliance industries, Wipro, Cipla, Dr Reddy’s Lab were the other prominent gainers in Nifty, up between 1-2 per cent.

SOURCE: http://profit.ndtv.com/news/market/article-sensex-ends-80-points-lower-oil-gas-stocks-fall-1712680