Sensex, Nifty Post Worst Losing Streak Since September
Indian equities fell the most in over a month, ending lower for the fourth straight day as selling pressure continued after hitting a record high on Thursday.
The S&P BSE Sensex ended 1.9% lower at 47,409 while the NSE Nifty 50 index fell 1.9% to end at 13,967. This is the first instance of the benchmark indices falling for four days in a row since September 2020. 38 out of the 50 index constituents ended with losses.
All sectoral indices ended with losses, barring the Nifty FMCG index, which closed 0.3% higher.
Among the laggards, the Nifty Bank index fell 900 points in today's session. All of the 12 index constituents ended with losses. Nifty Metal, Nifty Pharma, Nifty Auto and Nifty Realty indices fell over 2% each, while the Nifty PSU Bank index ended 1.5% lower. Media and I.T. indices fell 0.6% each
Smallcaps outperformed in today's session from the broader markets space. The index ended 0.1% higher while the Midcap index declined 1.6%.
India Volatility Index rose 4.6% to end at 24.33.
1,233 stocks on the NSE ended with losses while 637 stocks bucked the trend to end higher.