Sensex slumps for 4th session, declines 668 pts; financials, IT bleed
Uncertainty around domestic election results and the timing of US rate cuts dampened investor sentiments. The broader Nifty dropped 183 points to end at 22,704. Meanwhile, investors lost Rs 1.83 lakh crore. Sector-wise, Nifty Financial Services fell 1.65%, while Nifty IT, Private Bank, and Oil & Gas declined by over 1%.
equity indices closed in the red for the fourth straight session on Wednesday, dragged down by losses in heavyweight and . Uncertainty around domestic election results and the timing of also contributed to the decline.The 30-share BSE declined by 668 points, or 0.89%, to settle at 74,503. The broader NSE dropped 183 points, or 0.80%, to end at 22,704.
and alone contributed to a 300-point decline in the Sensex. , , , L&T, and TCS also dragged down the index.
Meanwhile, the of all listed companies on declined by Rs 1.83 lakh crore to Rs 415.09 lakh crore.
On the sectoral front, fell by 1.65%, while IT, Private Bank, and Oil & Gas also declined by over 1%. Conversely, Nifty Media, Metal, and Healthcare closed higher. In the broader market, Nifty Midcap 100 fell by 0.32%, while Nifty Smallcap 100 rose by 0.06%.
Among individual stocks, Paytm shares were locked in 5% upper circuit amid reports that Adani Group chairman Gautam Adani is likely considering acquiring a stake in Paytm's parent company, One97 Communications.
More to come....
Source: Stocks-Markets-Economic Times
