Markets halt rally tracking weak global markets, Sensex declines 214 points

The broader NSE Nifty went lower by 61.85 points.

Equity benchmarks halted their rally on Thursday, August 18, 2022, with the Sensex falling over 214 points in early trade, tracking weak global market trends.

The 30-share BSE index declined 214.11 points to 60,046.02 in early deals. The broader NSE Nifty went lower by 61.85 points to 17,882.40.

From the Sensex pack, Dr Reddy's Laboratories, Sun Pharma, Wipro, Infosys, Tata Consultancy Services, Reliance Industries, Bajaj Finserv and Nestle were among the biggest laggards.

On the other hand, Power Grid, State Bank of India, UltraTech Cement and Kotak Mahindra Bank were among the gainers.

In Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong were trading lower in mid-session deals.

Markets on the Wall Street had ended lower on Wednesday.

The BSE index jumped 417.92 points or 0.70 per cent to settle at 60,260.13 on Wednesday. The Nifty went higher by 119 points or 0.67 per cent to 17,944.25.