Markets settle marginally lower in volatile trade

Equity indices Sensex and Nifty closed modestly lower for 2nd straight session on Nov 24 due to IT stocks selling. BSE Sensex declined 0.07% to 65,970.04, Nifty slipped 0.04% to 19,794.70.

Equity benchmark indices Sensex and Nifty closed with modest losses for the second straight session on November 24, following selling in IT stocks amid a lack of fresh buying triggers.

In a highly volatile trade, the 30-share BSE Sensex declined 47.77 points or 0.07% to settle at 65,970.04. During the day, it gyrated 207.59 points, hitting a high of 66,101.64 and a low of 65,894.05.

The Nifty slipped 7.30 points or 0.04% to 19,794.70.

Among the Sensex firms, HCL Tech, Wipro, Tata Consultancy Services, Tech Mahindra, Nestle, Tata Motors, Infosys, Bharti Airtel, UltraTech Cement and Tata Steel were among the laggards.

On the other hand, Axis Bank, HDFC Bank, ICICI Bank, JSW Steel, Mahindra & Mahindra and Kotak Mahindra Bank were the major gainers.

In Asian markets, Tokyo settled in the green while Seoul, Shanghai and Hong Kong ended lower.

European markets were trading mostly in positive territory. The U.S. markets were closed for Thanksgiving holiday on November 23.