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Mumbai. Selling dominated the domestic stock markets on Thursday and BSE Sensex fell 582.86 points (0.75 percent) to close at 76,913.50. The market was under pressure from the beginning. Before noon, the Sensex had fallen by 1,237 points at one time due to the rise in crude oil and huge fall in the rupee. However, later the softening of crude oil returned and the fall of rupee also remained very less.

Investors’ confidence in IT and pharma sectors returned in the market. Due to this, the major indices made a substantial comeback and the Sensex finally closed down by about 583 points. The Nifty-50 index of the National Stock Exchange also closed down 180.10 points at 23,997.55 points. Selling was also seen in medium and small companies. In the macro market, Nifty Midcap-50 index slipped 0.86 percent and Smallcap-100 index slipped 0.98 percent.

IT and pharma sectors returned in the green in the afternoon while others declined. More pressure was seen on metal, banking, consumer durables, realty, finance and FMCG sectors. Among Sensex companies, Eternal’s share fell by almost three percent.

Shares of Hindustan Unilever fell by two and a half percent and those of Tata Steel and L&T fell by more than two percent. Shares of Trent, UltraTech Cement, Mahindra & Mahindra, State Bank of India, Axis Bank, BEL, ICICI Bank and Titan slipped by one to two percent.

Shares of Bajaj Finserv, Indigo, HDFC Bank, PowerGrid, NTPC and ITC also closed down. Sun Pharma shares gained one and a half per cent and Infosys shares gained more than one per cent. Shares of Adani Ports, Tech Mahindra, Bajaj Finance, Kotak Mahindra Bank, Maruti Suzuki and Reliance Industries also remained up.