Markets settle lower after eight days of rally

The 30-share BSE Sensex fell 415.69 points or 0.66% to settle at 62,868.50

Equity benchmark indices ended lower on December 2, halting their eight-day rally, amid a weak trend in global markets and emergence of profit-taking.

The 30-share BSE Sensex fell 415.69 points or 0.66% to settle at 62,868.50. During the day, it tanked 604.56 points or 0.95% to 62,679.63.

The broader NSE Nifty dipped 116.40 points or 0.62% to end at 18,696.10.

Among the Sensex pack, Mahindra & Mahindra, Hindustan Unilever, Maruti, Nestle, HDFC, Asian Paints, Bajaj Finance and Power Grid were among the major laggards.

Tata Steel, Dr Reddy's, Tech Mahindra, IndusInd Bank and HCL Technologies were among the winners.

Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended in the negative territory.

Equity exchanges in Europe were trading mostly lower in the afternoon trade. Wall Street had ended lower on Thursday.