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Bloomberg Quint

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Image Credit: Bloomberg Quint

Stock Market Highlights: Sensex, Nifty Erase Intraday Gains To Close Lower For Second Day

  • Indian benchmark equity indices closed lower for the second consecutive day, with Nifty and Sensex dropping by 0.19% and 0.2% respectively. Nifty PSU Bank, Metal, and Realty sectors saw the most significant declines.
  • Top gainers in Nifty included Dr. Reddy Laboratories Ltd., Apollo Hospitals Enterprise Ltd., and Hero MotoCorp, while laggards consisted of State Bank of India, Kotak Mahindra Bank, Bajaj Finserv Ltd., and JSW Steel Ltd.
  • Infosys Ltd. and Maruti Suzuki India Ltd. were among the top contributors to gains in the Nifty, while Kotak Mahindra Bank and Bharti Airtel were the major drag on the index.
  • Nine out of the 15 sectors on NSE closed in the red, with Nifty PSU Bank, Metal, and Realty facing significant declines. The market breadth favored sellers with more stocks declining than advancing on the BSE.

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