Sensex, Nifty Edge Lower; Banking, Financials Witness Selling Pressure

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The Indian equity benchmarks edged lower on Thursday taking cues from other Asian markets ahead of the monthly expiry of May futures and option contracts due later in the day. The Sensex slipped as much as 51 points and Nifty 50 index dipped below its important psychological level of 15,300.

As of 9:26 am, the Sensex was down 33 points at 50,960 and Nifty 50 index was unchanged at 15,301.

Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer to considering winding back their emergency stimulus while the dollar held at a one-week top.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.5 per cent at 691.76, still not too far from Wednesday’s high of 696.76, a level last seen on May 10.



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