Indian Stock Market Today: Nifty, Sensex Log Longest Losing Streak Since March
The Indian stock market witnessed a sharp decline on September 25, with the Nifty 50 and Sensex logging their longest losing streak since March. The Nifty 50 closed below the 24,900 mark, while the Sensex ended near the 81,200 mark.
Nifty Ends In Red, Closes Below 24,900 Mark
The Nifty 50 index closed at 24,863.35, down 188.25 points or 0.75% from its previous close. The index witnessed heavy selling in the last hour of trade, with Reliance Industries Ltd., Tata Consultancy Services Ltd., and ICICI Bank Ltd. being the top drags.
Sensex Closes In Red, Close To 81,200 Mark
The BSE Sensex closed at 81,161.28, down 637.38 points or 0.78% from its previous close. The index also witnessed heavy selling in the last hour of trade, with the same set of stocks weighing on the index.
Nifty Loses For 5th Consecutive Day
The Nifty 50 index has now lost for five consecutive days, its longest losing streak since March. The index has fallen over 3% during this period, with the selling pressure expected to continue in the near term.
Top Nifty Losers: Trent, Power Grid Corp
Trent Ltd. and Power Grid Corp were the top losers on the Nifty 50 index, falling over 4% each. Other major losers included Tata Investment Corp, Aditya Birla Fashion, and Home First Finance.
Smallcap 250 Ends In Red, Major Fall Led By Home First Finance & Bls International
The Nifty Smallcap 250 index closed in the red, with a major fall led by Home First Finance and Bls International. The index fell over 1% during the day, with the selling pressure expected to continue in the near term.
Nifty Midcap150 Ends In Red, Major Fall Led By Tata Investment Corp & Aditya Birla Fashion
The Nifty Midcap 150 index also closed in the red, with a major fall led by Tata Investment Corp and Aditya Birla Fashion. The index fell over 1% during the day, with the selling pressure expected to continue in the near term.
All Sectors End In Red Except Nifty Metals
All sectors on the Nifty 50 index ended in the red, except for the Nifty Metals index. The Nifty Metals index emerged as the top sectoral gainer, with gains led by Hindustan Copper and Hindustan Zinc.
Nifty Realty Is The Top Sectoral Loser, Major Fall By Godrej Properties & Prestige Estate
The Nifty Realty index was the top sectoral loser, with a major fall led by Godrej Properties and Prestige Estate. The index fell over 2% during the day, with the selling pressure expected to continue in the near term.
Nifty IT Falls For 5th Day In A Row, Ahead Of Accenture’s Q4 Earnings
The Nifty IT index fell for the fifth day in a row, ahead of Accenture’s Q4 earnings. The index has fallen over 4% during this period, with the selling pressure expected to continue in the near term.
Nifty Media Falls For 3rd Consecutive Day
The Nifty Media index fell for the third consecutive day, with a major fall led by Zee Entertainment and Sun TV Network. The index fell over 1% during the day, with the selling pressure expected to continue in the near term.
Nifty Realty Falls For 4th Day In A Row
The Nifty Realty index fell for the fourth day in a row, with a major fall led by Godrej Properties and Prestige Estate. The index has fallen over 5% during this period, with the selling pressure expected to continue in the near term.
Nifty Oil & Gas, Pharma Falls For Fourth Day In A Row
The Nifty Oil & Gas and Pharma indices also fell for the fourth day in a row, with a major fall led by Reliance Industries and Sun Pharmaceutical. The indices fell over 1% during the day, with the selling pressure expected to continue in the near term.
Rupee Closes 2 Paise Stronger At 88.67 Against The Greenback
The Indian rupee closed 2 paise stronger at 88.67 against the US dollar, recovering from its earlier losses. The rupee had closed at 88.69 against the dollar on Wednesday.
Source: Bloomberg
The NSE Nifty 50 and BSE Sensex fell sharply during the last hour of the session, with Reliance Industries Ltd., Tata Consultancy Services Ltd., and ICICI Bank Ltd. weighing on the indices.
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