At the close, the Sensex was down 386.47 points, or 0.47%, at 81,715.63, while the Nifty fell 112.60 points, or 0.45%, to 25,056.90.
Photo: IANS
The stock market extended its losing streak for the fourth straight session on Wednesday amid broad-based selling, with the FMCG sector being the lone exception. The Nifty 50 also slipped below the 25,100 mark.
At the close, the Sensex was down 386.47 points, or 0.47%, at 81,715.63, while the Nifty fell 112.60 points, or 0.45%, to 25,056.90. The BSE Midcap index shed nearly 0.9%, and the Smallcap index was down 0.5%.
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The overall market capitalisation of BSE-listed firms dropped to nearly ₹460.5 lakh crore from ₹463.6 lakh crore in the previous session.
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Among the sectors, barring Nifty FMCG, which gained 0.18%, all sectoral indices ended in the red. Nifty Realty was the top loser, slipping 2.49%.
Other notable losers included Nifty Auto (down 1.15%), Private Bank (0.86%), Media (0.81%), and IT (0.72%). Nifty Bank fell 0.70%, while the Financial Services index declined 0.64%.
Around 176 stocks hit their 52-week highs, while 76 touched their 52-week lows.
Among those hitting new highs were Aadhar Housing Finance Ltd, Aditya Birla Capital Ltd, Amber Enterprises India Ltd, Asahi India Glass Ltd, Bajaj Finance Ltd, Canara Bank, Indian Bank, JSW Steel Ltd, Maruti Suzuki India Ltd, Muthoot Finance Ltd, State Bank of India, Tata Investment Corporation Ltd, and Tata Steel Ltd.
On the other hand, stocks that slipped to 52-week lows included Crompton Greaves Consumer Electricals Ltd, Praj Industries Ltd, Aurionpro Solutions Ltd, Ganesha Ecosphere Ltd, Quess Corp Ltd, SpiceJet Ltd, and Symphony Ltd.
Shares of Bajaj Electricals rose over 7% after the company acquired the intellectual property rights of the Morphy Richards brand for India and neighbouring markets from Glen Electric for ₹146 crore.
Swiggy shares fell nearly 1% in early trade following the sale of its 12% stake in Rapido and the restructuring of its quick commerce arm, Instamart.
Ashok Leyland dropped 2.6% after Goldman Sachs downgraded the stock to “neutral” from “buy”, citing limited upside following sharp gains since mid-August.
The market has now declined for four straight sessions, its longest losing streak since mid-July, as worries over the impact of US visa restrictions continued to weigh on investor sentiment.
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