Indian Shares Fall on Lack of Positive Triggers


BENGALURU Reuters Indian shares closed lower on Thursday dragged by losses across sectors, while investors waited for the earnings season to kick off with Tata Consultancy Services results.

The bluechip NSE Nifty 50 index ended 0.96 lower at 15,727.90, while the benchmark SP BSE Sensex closed 0.92 lower at 52,568.94.

Markets have retreated from the near record levels touched earlier this week amid choppy trading as investors locked in gains ahead of Thursdays expiry of weekly contracts.

A fall in global markets which were tracking a slump in Asia amid a widening crackdown on the tech sector in China also dampened sentiment, while oil prices also sagged on supply uncertainty. MKTSGLOB

The India volatility index, an indicator of expectations for nearterm market volatility, rose 11.03 to end at 13.56, its highest closing level in two weeks.

Currently, there are more of negatives than positives in the market…crude oil prices are at highest levels, dollar is getting stronger and we are witnessing delay in monsoon, said Rahul Sharma, market strategist and head of research at Equity99 markets

Global markets after a good long rally are resting now and shall remain in consolidation range volatile in short term, Sharma added.

Investors are expecting a robust Junequarter earnings from software services heavyweight Tata Consultancy. The Nifty IT index was the only major subindex to close in positive territory

The Nifty Auto index and the Nifty Bank index were among…

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