Sensex, Nifty End Lower For Third Day; PSU Bank Index At 15-Month High
The Bombay Stock Exchange (BSE), right, stands on Dalal Street in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)

Sensex, Nifty End Lower For Third Day; PSU Bank Index At 15-Month High

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Third Day Of Losses

Indian equities declined for the third day in a row as private lenders and automobile companies underperformed.

The S&P BSE Sensex fell 0.7% to close at 51,324 while the NSE Nifty 50 index fell 0.6% to end at 15,119.

PSUs were the outperformers on the Nifty today. The top six gainers on the index were state-run companies. Gains were led by ONGC (up 7.6%) and GAIL (up 7%) along with OMCs like BPCL (up 4.2%) and Indian Oil (up 4%).

Banks were a tale of two extremes in today's weekly options expiry session. The Nifty Bank index ended with losses of close to a percent, while the index of state-run lenders rose for the fifth straight day to end at a 15-month high.

The other underperformers in today's session were auto stocks. The index ended 1.3% lower while the Media index fell 0.8%. Nifty FMCG and Nifty Pharma fell 0.4% and 0.5% each.

Other than PSU Banks, the Nifty I.T. and Nifty Metal indices gained in today's session, both ending 1.3% higher.

Broader markets outperformed yet again. The Nifty Midcap index rose 0.5% while the Smallcap index ended 1% higher.

The India Volatility Index ended little changed at 21.54.

1,050 stocks on the NSE ended with gains while 856 stocks ended lower.

How Did The Sectoral Indices Fare

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