FE Today Logo
Search date: 25-07-2019 Return to current date: Click here

Sensex extends decline to fifth day

July 25, 2019 00:00:00


Indian domestic markets ended Wednesday's trading session with losses as weak corporate earnings and sluggish economic outlook dented investors' sentiment, reports business-standard.com.

Indices slipped for the fifth session in a row dragged by metals, banking and automobile stocks.

The benchmark S&P BSE Sensex closed at 37,848 level, down 135 points, or 0.36 per cent with IndusInd Bank, Tata Motors, Bajaj Finance, and Tata Steel being the top laggards.

On the contrary, Asian Paints, HDFC, Hindustan Unilever, and HDFC Bank were the top gainers at the 30-share index.

Furthermore, the broader Nifty50 slipped below the psychological level of 11,300 to settle at 11,271, down 60 points, or 0.53 per cent.

In the broader market, the S&P BSE MidCap closed 206 points, or 1.48 per cent, lower at 13,710 levels while the S&P BSE SmallCap slipped 163 points, or 1.23 per cent, to end at 13,043 levels.

Sectorally, stocks of autos, metals and public sector banks slipped the most. Nifty Metal index settled over 2.0 per cent lower, followed by Nifty Auto index, down 1.95 per cent.


Share if you like