Here is a look at how the markets fared on Thursday.
The NSE Nifty 50 ended 171.85 points, or 0.73% lower at 23,346.65 and the BSE Sensex closed 422.59 points, or 0.54% down at 77,15579.
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Power Grid Corp. of India, UltraTech Cement Ltd. and Hindalco Industries Ltd. were the top gainers in Thursday's trade.
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On NSE, sectors ended in the red with Nifty PSU Bank falling the most, followed by Nifty Media, Nifty Metal and Nifty Energy.
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Broader markets outperformed benchmark indices. The BSE Midcap and BSE Smallcap indices ended 0.37% and 0.67% lower, respectively.
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The market breadth was skewed in the favour of the sellers, as many as 1,169 stocks advanced, 2,786 declined and 105 remained unchanged on the BSE.
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The Indian rupee closed at record low against the US dollar at Rs 84.50.
Photo Credit: Radhakisan Raswe/ Source: NDTV Profit