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.

• Selling pressure intensifies as benchmarks fall to the day's low
• Nifty down 1.8% at 13,989
• Sensex down 1.8% at 47,472
• Nifty Bank down 3% at 30,278
• Nifty Midcap index down 1.6%
• Nifty Smallcap index down 0.3%
• India Volatility Index up 4.5% at 24.3
• Nifty Metal, Nifty Pharma and Nifty Realty indices fall over 2% each
• Nifty PSU Bank index falls 1.8% while Auto index declines 1.6%
• Nifty I.T. falls 1% while Media index down 0.8%
• SBI Life Insurance is the top Nifty gainer; up 2.2%
• IndusInd Bank and Tata Motors are the top Nifty laggards; down 4.2% each
• 1,277 stocks on the NSE decline while 570 are bucking the trend

• Revenue up 15% at Rs 933.6 crore Vs Rs 812.6 crore
• Net profit up 45% at Rs 209 crore Vs Rs 144.4 crore
• Ebitda up 29% at Rs 340.2 crore Vs Rs 264 crore
• Ebitda margin at 36.4% Vs 32.5%

• Benchmark indices fall to the day's low
• Nifty down 1% at 14,091
• Sensex down 1.1% at 47,822
• Nifty Bank down 1.3% at 30,782
• Nifty Midcap index down 0.5%
• Nifty Smallcap index down 0.4%
• India Volatility Index up 2.1% to 23.7
• Nifty Pharma is the top sectoral laggard; down 1.4%
• Nifty Realty and Nifty Metal index decline 1.1% each
• Nifty Media and PSU Bank index gain 0.3% each
• Wipro remains the top Nifty gainer; up 3.3%
• Tata Motors is the top Nifty laggard; down 3.7%
• 1,126 stocks on the NSE decline while 677 trade with gains

• Benchmark indices decline for the fourth day in a row
• Nifty down 0.7% at 14,141
• Sensex downn 0.6% at 48,029
• Nifty Bank down 1% at 30,905
• Nifty Midcap index down 0.9%
• Nifty Smallcap index down 0.2%
• India Volatility Index up 3.1% to 24
• Nifty Metal is the top sectoral laggard; down 1.8%
• Nifty Pharma, Nifty Realty indices decline over 1% each
• Nifty Auto index falls 0.8% while I.T. is the only sectoral gainer; up 0.5%
• Wipro is the top Nifty gainer; up 3.1%
• Eicher Motors is the top Nifty laggard; down 3.1%
• 1,219 stocks on the NSE trade with losses while 521 are advancing

Indian equities resumed trade post a holiday and have begun the trading session on a subdued note.

The S&P BSE Sensex opened 40 points higher at 48,385 while the NSE Nifty 50 index was unchanged at the start of trade at 14,238. Both benchmarks are coming on the back of three straight days of declines.

Among the sectoral indices, the FMCG index opened 0.4% higher ahead of the results of Hindustan Unilever, Marico and United Spirits.

The Auto index opened 0.2% lower as did the PSU Bank index. Other sectoral indices were flat at the start of trade.

Broader markets too opened little changed. The Smallcap index opened at levels similar to Monday's closing while the Midcap index opened 0.1% lower.

Good Morning!

Indian equities posted their first three-session losing streak in nearly three months on Monday. It was also the first time since October when foreign investors were net sellers for back-to-back sessions.

FPIs have now sold a total of Rs 1,400 crore over Friday and Monday.

Futures are indicating a volatile opening for today's session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.3% to 14,126 as of 8:00 a.m. on Wednesday. The index was up nearly 1% in the early minutes of trading.

Stocks like Larsen & Toubro, ICICI Securities and Navin Fluorine, among others, may react to their quarterly results reported after market hours on Monday.

Two Nifty 50 companies reporting results today are Axis Bank and Hindustan Unilever, along with key non-Nifty stocks like Emami, Marico, India Cements, United Spirits, ICICI Prudential and Jyothy Laboratories, among others.

Asian equities are recovering in mid-week trading from their biggest slide in two months. Stocks across most of the Asia-Pacific are rising, except for Australia.

Futures on the Dow Jones are trading 80 points lower. The index ended little changed on Tuesday.

West Texas Intermediate crude rose 0.3% to $52.76 per barrel, while gold was flat at $1,848.3/Oz.