Stock Market Highlights: Indian benchmark indices resumed their decline on Thursday as a fresh surge in oil prices (Brent crude over $100) prompted more investors to tap out. At the close, Sensex shed 800 points to settle at 76,066, while Nifty50 ended at 23,640, losing 220 points.

While markets recovered losses by noon, a sharp sell-off prompted a drop again before the closing bell. Biggest Nifty losers were Eicher Motors, M&M, Maruti Suzuki, Bajaj Finance, UltraTech Cement, while gainers included Coal India, Jio Financial, Adani Enterprises, NTPC, Power Grid Corp.

Among sectors, Auto index slipped more than 3 per cent, FMCG index shed 1.7 per cent and Private Bank index declined 1.6 per cent, while Power index gained 2.5 per cent, Energy index rose 2 per cent, Oil & Gas, Metal, Capital Goods rose 0.5 per cent each.

The BSE midcap index fell 0.4 per cent and smallcap index shed 0.7 per cent.Overnight, Dow futures slided 500 points, while the US dollar strengthened.

Previously on Wednesday, the Sensex tanked 1,342.27 points, or 1.72 per cent, to close at 76,863.71, while the Nifty 50 settled 394.75 points, or 1.63 per cent, lower at 23,866.85.

Source:Ndtv