Shares of IndusInd Bank, Infosys, Maruti, Vedanta, Hero MotoCorp, Tata Motors, ONGC and RIL too fell up to 4.96 per cent. In today's session top gainers included PowerGrid, M&M, Kotak Bank, Bajaj Finance, Bharti Airtel and HDFC twins, rising up to 1.54 per cent. Experts believe that the mood of the market was subdued amid rising uncertainty over trade talks between the US and China.
Reports stated that shares of cash strapped airlines Jet Airways slumped 18 per cent to closer near all time low after the National Stock Exchange (NSE) said that the air carrier would soon no longer be trading in derivatives market and even day trading in the stocks would also be barred. NSE stated that this is being done in order to curb speculative trading in the troubled company.
However, losses were capped as investors took positive cues from factory output numbers, released after market hours on Wednesday. India's industrial output grew to a six-month high of 3.4 per cent in April mainly on account of improvement in mining and power generation, while retail inflation spiked to a seven-month high of 3.05 per cent in May, though remaining within the RBI's comfort level.
Elsewhere in Asia, while Shanghai Composite Index rose marginally, Hang Seng, Nikkei and Kospi ended in the red. On the other hand, stock exchanges in Europe were trading in the green in early deals. On the currency front, the Indian rupee depreciated 16 paise to 69.51 against the US dollar intra-day. Brent crude futures, the global oil benchmark, rallied 3.54 per cent to USD 62.09 per barrel, amid conflicting reports of an attack and an accident involving two oil tankers in the Gulf of Oman.