Image Source: Agencies

The stock market indices Sensex and Nifty fell by almost a percent on Thursday as the outflow of foreign capital continued unchanged against the backdrop of mostly negative developments in global markets.
Besides, strong selling pressure in Reliance Industries, Infosys and ITC indices is also hurting market sentiment, traders said.
The 30-share BSE Sensex was down 610.37 points, or 0.92 percent, at 65,508.32. During the day, it fell by 695.3 points or 1.05 percent to 65,423.39 points.
The Nifty fell 192.90 points, or 0.98 percent, to end at 19,523.55. Tech Mahindra was the top loser in the Sensex pack, down 4.59 percent, followed by Asian Paints, Wipro, Kotak Mahindra Bank, Bajaj Finserv, Infosys, ITC, Mahindra and Mahindra, Hindustan Unilever, IndusInd Bank, Reliance Industries and JSW Steel.
On the other hand, Larsen and Toubro, Bharti Airtel, Power Grid, and Axis Bank rose.
In the Asian market, Shanghai ended with a loss, while Tokyo and Hong Kong fell. Trading was closed in South Korea for a holiday.
Trading in the European market took place in negative territory. The US market ended mixed on Wednesday.
Brent crude, the global oil benchmark, fell 0.38 percent to $96.18 per barrel.
Foreign institutional investors (FIIs) offloaded shares worth Rs 354.35 billion on Wednesday, according to stock exchange data.

"The selling was extensive as investors are wary of rising oil prices. If crude remains above the $90 level, it threatens inflation and boils operating margins. Currently, the combination of higher interest rates and US bond yields is influencing FIIs to remain in selling mode,” says Vinod Nair, head of research at Geojit Financial Services.
The BSE index rose 173.22 points or 0.26 percent to settle at 66,118.69 on Wednesday. The Nifty rose 51.75 points, or 0.26 percent, to end at 19,716.45.