Sensex, Nifty end lower for fourth straight session
Sensex closed with a loss of 455 points, or 0.62%, at 72,488.99 while the Nifty 50 ended the day at 21,995.85, down 152 points, or 0.69%.
Sensex closed with a loss of 455 points, or 0.62%, at 72,488.99 while the Nifty 50 ended the day at 21,995.85, down 152 points, or 0.69%.
The losses were weighed on investors' risk appetite who will also closely track March quarter results at home.
The Sensex was down 793.25 points or 1.06 percent at 74,244.90, and the Nifty was down 234.40 points or 1.03 percent at 22,519.40.
Sensex was up 354.45 points, or 0.47%, at 75,038.15, and the Nifty was up 111 points, or 0.49%, at 22,753.80.
The Nifty registered a new record high of 22,768 after a gap-up opening on Tuesday, while the Sensex crossed the 75,000-mark for the first time, he said.
Traders said growing concerns over economic recovery and lack of fresh stimulus by central banks led to the global market selloff.
Out of 30 Sensex constituents, 28 were in the red with M&M, TCS, Bajaj Finance plunging by 5 per cent, 5.3 per cent and 5.60 per cent respectively.
Other laggards on the Sensex included Tata Steel, IndusInd Bank, NTPC, PowerGrid, ONGC and TCS.
The broader market followed the equity indices and slipped over a half per cent. The MidCap dropped 1.7 per cent while the SmallCap ended 1.6 per cent down.
The S&P BSE Sensex ended 811.68 points or 2.09 per cent lower at 38,034.14 levels.