The stock markets faced a downturn on Thursday, with major indices closing in the red. The BSE Sensex dropped by 213.12 points or 0.27%, ending the day at 78,058.16, while the NSE Nifty 50 saw a decline of 70.15 points, down by 0.3%, and closed at 23,626.15.
The Nifty Bank index also ended the day on a negative note, closing at 50,303.60, down by 39.45 points or 0.08%.
Looking at specific sectors, the Nifty Midcap 50 index finished at 14,964.35, falling by 191.60 points, a decline of 1.26%. Similarly, the Nifty Midcap 100 index lost 680.80 points, ending at *53,500.05, a drop of 1.26%. The Nifty Small Cap 50 index ended the day at 38,216.25, down by 33.25 points, or 0.40%.
Gold rate today
Gold prices have continued to climb, hitting record highs for the second consecutive day on Thursday, majorly driven by the wedding season.
The 24 carat gold rate today surged to Rs 8,642.3 per gram, up by Rs 1040.0, while 22 kt gold rate today reached Rs 7,923.3 per gram, rising by Rs 950.0.
Looking at recent trends, the 24 carat gold price has dropped by 1.2% over the past week but has seen a significant decline of 6.34% in the last month.
This is a developing story, more details are being added. Please watch the space for updates
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