Sensex settles 850 pts lower from day's high, Nifty below 23,700

The domestic share market traded marginally lower on Thursday with Sensex and Nifty slipping around 1% each from its intraday highs amid rising bond yields and FII selling.At close, Nifty ended 4.30 points or 0.02 per cent down at 23,654.70, and the Sensex settled 135.03 points or 0.18 per cent lower at 75,183.36.The Sensex had jumped 627.4 points or 0.83 percent to 75,945.79 in early trade. The broader Nifty advanced 200.9 points or 0.84 percent to 23,859.90.
InterGlobe Aviation Ltd, Trent Ltd, Bharat Electronics Ltd were the top gainers on the Nifty, while losers included Bajaj Financia, Tech Mahindra, and Hindustan Unilever.On the sectoral front,FMGC, Nifty IT, and the Nifty Financial Services declined the most. Meanwhile, the Nifty Realty and the Nifty Cement outperformed.In the broader markets, the Nifty MidCap settled 0.04 per cent down, and the Nifty SmallCap ended 0.63 per cent higher.
Rupee Close:
On 21 May'26, the Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention.Forex traders said the rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background.
Trading Guide:
Market experts recommended five shares to buy on Thursday: Mankind Pharma, Chennai Petroleum Corporation, Zen Technologies, CRISIL, and Bharat Heavy Electricals.

(Business Correspondent)