Sensex, Nifty End Little Changed; Decline For Fifth Day
Closing Bell: A Volatile Session
Indian equity markets ended lower for the fifth straight day, after a volatile trading session that saw swings between gains and losses.
The S&P BSE Sensex ended 0.17% lower at 37,668 while the NSE Nifty 50 index declined 0.18% at 11,134. Both Sensex and Nifty are going through their longest losing streak in over six months.
The recovery on the Nifty 50 was led by heavyweights like HDFC Bank, Hindustan Unilever and Infosys. On the other hand, the Bharti twins - Airtel & Infratel were the top laggards on the index, ending 8% lower.
For the September series, as of closing today, both Sensex and Nifty are down over 3.5% each.
Sectoral indices too recovered from their respective day's lows in the final hour of trade. The Media index was the top laggard, ending 2.4% lower while the Pharma and PSU Bank indices declined over 1.5% each.
The Realty index outperformed in today's session, ending with gains of 0.8%.
Broader markets too saw a volatile session. The Nifty Midcap index ended lower by 0.3% while the smallcap index ended unchanged.
India Volatility Index fell 2.45% to 20.88 at the close of trade.
Market breadth attempted a recovery but remained in favour of the laggards. 986 stocks on the NSE ended with losses while 854 posted gains.