Sensex sinks 390 pts, Nifty closes just above 17,000; Bank, Realty, IT lag

Indian indices joined their worldwide peers to lose ground by 0.6% on Thursday. Sensex closed at 57,235, a drop of 390 points, while Nifty also shed 110 points to end just above 17,000, at 17,014.

Most indices ended on the red side today with IT, Bank, Finance and Consumer Durable shedding the most. Metal, Media, Pharma and Healthcare were indices that managed to remain in the green.

HCT Tech stock was the star performer gaining 3% after an encouraging quarterly result on Wednesday. Wipro, the other stock which had declared its results yesterday, shed 7%.

Sun Pharma also showed healthy signs today. SBI and Adani Ports on the other hand ended in the red.

Asian stocks fell on Thursday as cautious traders keenly waited for a key US inflation reading that could influence global central banks' future course on interest rate hikes.

Japan's Nikkei share average started the session higher but shed early gains to close 0.6% lower.

China stocks closed lower on Thursday, while Hong Kong shares extended losses as risk-off sentiment prevailed ahead of China's 20th Communist Party Congress.

China's blue-chip CSI 300 Index dipped 0.84%, while the Shanghai Composite Index edged down 0.3%. Hong Kong's Hang Seng Index declined 1.87%.

European shares fell on Thursday, dragged by technology and real estate stocks. The region-wide STOXX 600 index was down in the morning trading session.