Sensex, Nifty Decline For Fourth Day; All Sectoral Indices Decline
Fourth Day Of Losses
Indian equities fell for the fourth straight day ahead of the U.S. Federal Reserve policy statement later tonight. The fourth day of decline is the longest losing streak for the Nifty and Sensex in nearly a month.
The S&P BSE Sensex ended 1.1% lower at 49,801 while the NSE Nifty 50 index fell 1.3% to end at 14,721. 48 out of the 50 Nifty constituents ended with losses.
All sectoral indices ended with losses in today's session. The Nifty Bank index fell 1.6% or nearly 600 points to end at 34,229.
The biggest sectoral laggard in today's session was the PSU Bank index, which fell nearly 4%. The Media index declined 3% while the Metal index fell 2.5% in today's session.
Both Nifty Auto and Nifty Pharma ended with losses of close to 2% ahead of the weekly options expiry session tomorrow.
Broader markets underperformed in today's session. The Nifty Midcap index fell 2.5% while the Smallcap index saw declines of 2.2%.
The India Volatility Index ended unchanged at 20.16.
1,537 stocks on the NSE ended with losses in today's session while 377 stocks managed to post gains.