Sensex Snaps 4-session Winning Run, Ends 149 Points Lower

“Indian markets traded on a negative note following benign Asian and global market cues as IMF on Wednesday downgraded its forecast for Asia-Pacific region to (-) 2.2 per cent in 2020,” said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi. During the afternoon session, markets attempted briefly to scale back losses but failed and remained lacklustre with narrow range, he added.

On the global front, bourses in Shanghai, Tokyo and Seoul ended in the red, while Hong Kong settled on a positive note. Stock exchanges in Europe were also trading with losses in early deals.

Meanwhile, international oil benchmark Brent crude was trading 0.22 per cent higher at USD 41.82 per barrel.