Sensex and Nifty end lower in the see-saw session

After a highly volatile session on Wednesday, the BSE barometer Sensex dropped below the critical 58,000-level, driven lower mostly by banking, metal, and auto stocks.

During the day, the 30-share benchmark moved nearly 800 points before finishing at 57,996.68 — a loss of 145.37 points or 0.25 percent. Similarly, the NSE Nifty fluctuated between gains and losses before finishing at 17,322.20, down 30.25 points or 0.17 percent.

NTPC, SBI, UltraTech Cement, ICICI Bank, Tata Steel, Bajaj Finserv, and Bjaja Finance were among the main laggards on the Sensex chart. Twenty-two of the index’s members ended the day in the red.

Other Asian stock exchanges ended the day with huge gains as concerns about Russian intervention in Ukraine faded.

Brent Futures, the global crude oil benchmark, lost 0.19 percent to $93.06 per barrel.

According to stock exchange data, foreign institutional investors (FIIs) were net sellers in the capital market on Tuesday, offloading shares worth $2,298.76 crore.