Sensex, Nifty Head Into October F&O Expiry With Losses
Closing Bell: Global Cues Catch-Up
Global sentiment, which is currently on a sticky wicket, finally caught up with the Indian markets as well.
Benchmark indices reversed Tuesday's gains to end lower in today's session, dragged lower by selling pressure across the board.
The S&P BSE Sensex ended 1.5% lower at 39,922 while the NSE Nifty 50 index managed to defend the 11,700 mark, ending 1.34% lower at 11,729.
All sectoral indices ended with losses in today's session. Losses were led by the Nifty Bank index, which gave up 540 out of the 700 point gain on Tuesday. The index ended 2.2% lower.
The Nifty Realty index was the other major laggard, ending 2% lower. The Nifty Media, Nifty Metal, Nifty Pharma and Nifty PSU Bank index saw losses between 1.4% and 1.6%.
The Nifty Auto index which was the only sectoral gainer through most parts of the trading day, gave up all of its gains to end 0.1% lower.
Broader markets moved in tandem with the benchmarks with both Midcap and Smallcap index ending with losses of 1% each.
India Volatility Index ended 4.9% higher at 23.28.
1,186 stocks on the NSE ended with losses while 627 managed to buck the trend.