Indian markets ended lower on Thursday despite a sharp recovery from a decline in the early session. This was the first time the indices declined in eight days. The indices had declined in the morning trade following global trends and the influence of the United States Federal Reserve’s decision to increase interest rates, Mint reported.

The BSE Sensex closed the day 52.66 points down at 36,431.67, while the National Stock Exchange Nifty 50 declined 15.60 points to end at 10,951.70.

Yes Bank was the top gainer on both indices. The other major gainers on the Sensex were Hero MotoCorp, Mahindra & Mahindra, Asian Paints and Tata Motors. On the Nifty, the top gainers were Hindustan Petroleum Corporation Ltd, Bharat Petroleum Corporation Ltd, UPL and Hero MotoCorp.

The biggest losers on the Sensex were State Bank of India, Wipro, Vedanta, Bharti Airtel and Maruti Suzuki. The stocks that declined the most on the Nifty were Grasim Industries, State Bank of India, Bharti Airtel, Wipro and Vedanta.

The rupee shed early losses to trade 33 paise higher at 70.06 against the United States dollar at 3.50 pm.