A morning walk down Dalal Street | Nifty should extend towards 11,550 if it closes above 11,370

The S&P BSE Sensex fell 198 points to 38,106 while the Nifty50 closed 46 points lower at 11,313 on Thursday.

Sectorally, the S&P BSE Oil & Gas index rose 1.8%, followed by the S&P BSE Realty index which was up 1.1%, and the Energy index was up 0.87%.

On the losing front, the S&P BSE Metal index plunged on 3% on trade war worries, followed by Telecom index which was down 1.7%, and the Banking index plunged 0.9%.

The broader market performs in line with the market – the S&P BSE Midcap index was down 0.3% while the S&P BSE Smallcap index was down 0.38 percent.