NEW DELHI – Indian shares ended at a 6-month low on Thursday following a global selloff due to weak macro conditions and persistent concerns about domestic liquidity.
The S&P BSE Sensex fell 2.2% to 34,001.15.
While most of the earlier session declines could be attributed largely to domestic factors, today’s loss was triggered mainly by negative global sentiment with the U.S. markets falling sharply, says Dheeraj Singh, head of investments at Taurus Asset Management.
Investors will now watch quarterly earnings to get further cues.
India’s largest software exporter Tata Consultancy Services fell 3.1% ahead of its quarterly results.
Among other losers, State Bank of India was down 5.7%, Tata Steel declined 4.6% and Infosys ended 3.6% lower.