1 day ago
Sensex, Nifty Extend Losses as Bank, Auto Stocks Drag
India’s main stock market indexes fell for the second day in a row.
The Sensex and Nifty both lost a small amount.
Bank, car, real estate and healthcare companies were among the weaker stocks.
Some large companies, including Shriram Finance, Maruti Suzuki India and InterGlobe Aviation, fell sharply.
Smaller and medium-sized companies also declined.
FMCG and IT stocks performed better and helped limit the losses.
Investors were worried about renewed tensions between the United States and Iran.
Experts said future market moves may depend on energy prices, interest-rate expectations and money flowing into emerging markets.
Sensex fell 12.99 points, or 0.02%, to 76,944.28, while Nifty declined 24.60 points, or 0.1%, to 24,055.80.
Banking, auto, realty and healthcare stocks contributed to the second consecutive session of losses.
Shriram Finance, Maruti Suzuki India and InterGlobe Aviation were among the biggest Nifty losers.
Nifty MidCap fell 1.39% and Nifty SmallCap declined 0.23%, signaling broader market weakness.
Renewed US-Iran tensions heightened investor caution, while FMCG and IT stocks provided some support.
- Who
- Indian equity investors, benchmark indices Sensex and Nifty, and companies listed on those indices.
- What
- Sensex and Nifty extended losses for a second consecutive session as several sectors declined.
- Where
- Mumbai and the broader Indian stock market.
- When
- Tuesday; the article does not provide a calendar date.
- Why
- Selling pressure in bank, auto, realty and healthcare stocks, along with renewed US-Iran tensions, weighed on sentiment.
Key facts
- Sensex close
- 76,944.28, down 12.99 points or 0.02%.
- Nifty close
- 24,055.80, down 24.60 points or 0.1%.
- Market breadth
- Nifty MidCap fell 1.39% and Nifty SmallCap fell 0.23%.
- Top losers
- Shriram Finance, Maruti Suzuki India and InterGlobe Aviation.
- Underperforming sectors
- Healthcare, auto, realty and pharma.
- Stronger sectors
- FMCG and IT outperformed and provided support.
- Nifty technical levels
- Immediate resistance was identified at 24,150–24,200, while sustained trade below 24,000 could lead toward 23,900–23,800.
Quotes
A market expert
An unnamed market expert commenting on the Nifty technical outlook
“A sustained move above 24,200 would be required to stabilize the index and support a recovery towards the broader 24,300–24,400 resistance band. Until the index decisively reclaims these levels, selling pressure at higher levels is likely to persist.”
thehansindia.com
“In the near term, market trends are likely to be driven by developments in energy markets, global monetary policy expectations, and capital flows into emerging economies.”
thehansindia.com
Sources
Related news
Sensex, Nifty Fall Nearly 0.5% as Cement, FMCG Stocks Drag
Sensex, Nifty End Lower as Iran-Hormuz Tensions Weigh
Indian Markets Fall as Hormuz Tensions Weigh Sentiment
Indian Benchmarks End Slightly Lower Amid Global Uncertainty
Indian Stocks Slip as Iran Sanctions and Crude Prices Weigh
Beer-Fueled Political Clash Over India’s 7.8% GDP Growth
Indian Rs 1 Trillion Market Cap Club Expands
Sensex, Nifty Plunge as West Asia Tensions Lift Oil Prices
Indian Markets Open Lower as US-Iran Tensions Lift Oil
Indian Market Ends Lower as Volatility Keeps Trading Non-Directional
