Indian equity benchmarks ended the session on a flat note
amid rising crude oil prices. Markets made a negative start as the World Bank
projected a growth rate of 6.5% for the Indian economy for the financial year
2022-23. Sentiments got hit after the rupee weakens past the 82 per dollar mark
for the first time against the US dollar amid a surge in crude and US bond
yields.

The Sensex declined 30.81 points or 0.05% to settle at
58,191.29. During the day, it fell 370.95 points or 0.63% to 57,851.15. The
Nifty dipped 17.15 points or 0.10% to end at 17,314.65.

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The broader indices ended mixed with the BSE Midcap index
declining by 0.15% and the Small cap index up by 0.30%. The top gaining
sectoral indices on the BSE were Consumer Durables up by 2.13%, Telecom up by
0.91%, Industrials up by 0.52%, Capital Goods up by 0.35% and Realty up by
0.27%, while Oil & Gas down by 0.78%, Energy down by 0.72%, Metal down by
0.63%, IT down by 0.57% and FMCG was down by 0.52% were the top losing indices
on BSE.

Also Read | Why rupee slipped past 82 against US dollar

Top gainers from the Sensex pack were Titan Company up by
5.27%, Power Grid Corp 1.45%, IndusInd Bank 1.06%, NTPC 0.95%, Maruti Suzuki
0.93%, Bharti Airtel 0.66%, Asian Paints 0.65%, Larsen & Toubro 0.57%.

Among the losers were Mahindra & Mahindra down by
1.37%, UltraTech Cement 1.29%, State Bank of India 1.28%, TCS 1.28%, Bajaj
Finance 0.79%, ITC 0.77%, HCL Tech 0.73% and Tech Mahindra 0.73%.

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The rupee sank 15 paise to close at an all-time low of
82.32 against the US dollar as a strong American currency and risk-averse
sentiment among investors weighed on the local unit.

Asian markets ended mostly lower with the Hang Seng down by
1.51%, the Nikkei 225 down by 0.71%, and the KOSPI Composite down by 0.22%.

European stock exchanges were trading on a mixed note in
mid-session deals. The US equity markets ended lower on Thursday.

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“Prior to the release of the US jobs data, the
domestic market traded with cuts in line with its global counterparts.
Stronger-than-anticipated job data may lead to a market decline as it could
give the Fed more reasons to focus on inflation,” said Vinod Nair, Head of
Research at Geojit Financial Services.

Brent crude futures, the international oil benchmark
climbed 0.48% to $94.87 per barrel.

Also Read | Once upon a time: Rupee’s journey from 4 to 82 a dollar

According to stock exchange data, foreign institutional
investors were net buyers as they bought shares worth Rs 279.01 crore on
Thursday.