3 hrs ago
Indian Markets End Lower for Fourth Straight Session
Indian stock markets finished lower on Thursday for the fourth day in a row.
The Sensex and Nifty are two important measures of how many Indian shares are performing.
Both indexes started the day higher but lost those gains near the end.
Investors were worried because crude oil prices were rising.
Technology company shares also performed poorly.
Uncertainty about events around the world made investors more cautious.
Smaller companies generally did better than the biggest companies.
Realty shares rose the most among the listed sectors.
PC Jewellers shares increased after the company said it had paid off more bank debt.
The BSE Sensex fell 417.49 points, or 0.55%, to 76,152.86.
The NSE Nifty declined 41 points, or 0.17%, to 23,873.45.
Rising crude oil prices, IT losses and geopolitical uncertainty weakened investor sentiment.
Realty stocks gained 2.39%, while Focused IT and IT indices fell about 1% each.
Small- and mid-cap indices rose, and PC Jewellers gained 3.54% after clearing debt owed to another bank.
- Who
- Indian equity investors, companies listed on the Bombay Stock Exchange and National Stock Exchange of India, and the benchmark Sensex and Nifty indices.
- What
- The Sensex and Nifty closed lower for a fourth consecutive session after giving up early gains.
- Where
- Mumbai and India’s equity markets.
- When
- Thursday; the article does not provide a calendar date.
- Why
- Rising crude oil prices, losses in IT stocks and geopolitical uncertainties weighed on sentiment.
Key facts
- Sensex close
- 76,152.86, down 417.49 points or 0.55%
- Nifty close
- 23,873.45, down 41 points or 0.17%
- Sensex intraday high
- 76,924.48, reached after an early gain of 354.13 points
- Market breadth
- 2,545 BSE stocks advanced, 1,778 declined and 223 were unchanged
- Best-performing sector
- BSE Realty index, up 2.39%
- Weakest sector
- BSE Focused IT index, down 1.01%
- PC Jewellers
- Shares rose 3.54% after the company said it cleared outstanding debt to one more bank










