Sensex Clocks Longest Losing Streak In Nearly Eight Years
Closing Bell: Sensex Clocks Longest Losing Streak In Nearly Eight Years
Indian equity benchmark S&P BSE Sensex Index ended lower for the ninth consecutive trading session, registering its longest losing streak since May 2011.
The 31-share index fell over 400 points from day’s high and ended 0.41 percent lower today at 35,352.61.
The NSE Nifty 50 Index ended at 10,604.35, down 0.34 percent. The 50-stock index ended lower for the eighth day, clocking its longest losing streak since March 2015.
The market breadth, however, was tilted in favour of buyers. About 992 stocks advanced and 705 shares declined on National Stock Exchange.
Nine out of 11 sectoral gauges compiled by NSE advanced, led by the NSE Nifty Realty Index’s 1.7 percent gain. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 2.08 percent.
Stocks Moving On Heavy Volumes
- Stock rose as much as 8.1 percent to Rs 221.80.
- Trading volume was more than triple its 20-day average.
Aster DM healthcare
- Stock rose as much as 3.8 percent
- Trading volume was more than quadruple its 20-day average.
- Stock fell as much as 5.7 percent to Rs 728.25.
- Trading volume was more than double its 20-day average.
Market Check: Sensex, Nifty Erase Gains
Indian equity benchmarks erased gains. The S&P BSE Sensex Index fell over 400 points from day’s high and the NSE Nifty 50 traded near 10,600.
European Stocks Open Lower
European equities declined at the open as profits misses dragged on miners and banking stocks.
Kaveri Seed Falls The Most In Nearly Four Years
Shares of Kaveri Seed fell as much as 13.7 percent, the most since Aug. 5, 2015, to Rs 403. The stock has declined for the fourth straight trading session.
Trading volume was almost 11 times its 20-day average, Bloomberg data showed. Kaveri Seed traded at 13 times its estimated earnings per share for the coming year, Bloomberg data showed.