Market Close: Sensex breaks three day winning streak

The benchmark index dipped by 318 points on Thursday due to a closing session sell-off. Disappointing June quarter number and weak global cues weighed heavily against the Sensex's three-day rally during the week.

Sensex opened above the 39,000 mark but lost ground during the day to close at 38,897.46, down by 318.18 points or 0.81 per cent on Thursday, while Nifty50 closed at 11,596.90, down by 90.60 points or 0.78 per cent.

Among the gainers today were Wipro up by more than 3 per cent, followed by HDFC twins, ZEEL and Britannia up more than 2 per cent. While among the losers were Yes Bank, down by 12.70 per cent, followed by ONGC, Coal India, Tata Motor each down by more than 4 per cent and Maruti down by 3.30 per cent.

After a long while, Sensex heavyweight Reliance contributed negatively by 62.58 points, ahead of its Q1FY20 results. Other stocks pulling the index down included TCS contributing negative 53.13 points, ICICI Bank negative 37.76 points, SBI negative 31.26 points, L&T negative 25.88 points, Maruti negative 24.83 points and Yes Bank negative 22.95 points. The only stock supporting the index were HDFC Bank contributing positive 13.05 points and HDFC positive 87.11 points.