The two key equity benchmarks, Sensex and Nifty, on Thursday tumbled for a sixth straight session to their lowest levels in four months on weak cues. The BSE Sensex plunged 901 points to 63,148. On the other hand, the NSE Nifty50 settled at 18,857, down 265 points.
On the 30-share Sensex platform, M&M, Bajaj Finance, Asian Paints, Nestle, JSW Steel, Bajaj Finance, Titan emerged prime losers. M&M has been the main laggard, went down 4 per cent. On the flip side, Axis Bank, NTPC, HCL Tech, and IndusInd Bank were the only four gainers on Thursday. Among specific stock, Sonata Software went up 3 per cent following its Q2 results and the company also announced a 1:1 bonus issue for investors.
Performance of Broader Markets
In the broader markets, the BSE Midcap index went down 1.5 per cent, while the Smallcap index dropped 0.3 per cent.
Sectoral Indices
Sectorally, except power, all other indices settled in the red. Nifty Realty declined 2.4 per cent, while Nifty PSBs, Nifty Auto, Nifty Metals logged 1 per cent loss.
In the previous session on Wednesday, the S&P BSE Sensex tanked 523 points to end at 64,049, while the NSE Nifty50 closed at 19,122, down 160 points.