Indian Stock Market Extends Losing Streak to Third Session as Sensex Falls Over 460 Points
The Indian stock market extended its decline for a third consecutive trading session on Thursday, with the BSE Sensex and NSE Nifty 50 closing lower amid selling pressure in major stocks and weak global market cues. The Sensex dropped more than 460 points, while the Nifty 50 closed below the 22,700 mark.
The combined market capitalisation of BSE-listed companies fell to approximately ₹457 lakh crore during the session, reducing investors’ wealth by around ₹5 lakh crore.
At the close of trading on Thursday, the BSE Sensex declined 460.30 points, or 0.62%, to settle at 73,249.39. The NSE Nifty 50 fell 123.70 points, or 0.54%, to close at 22,687.65.
The Nifty 50’s close below 22,700 marked a key development during the session. Both benchmark indices recorded losses for the third consecutive trading day.
Most major sectoral indices closed in negative territory. The media index recorded the steepest decline, falling 2.35%. The FMCG index dropped 1.41%, while the IT index declined 1.05%.
The consumer durables index fell 0.96%, oil and gas declined 0.86%, chemicals dropped 0.83%, and the auto index lost 0.73%. The metal index closed 0.52% lower.
Some sectors managed marginal gains despite the broader market decline. The Nifty Pharma index rose 0.12%, the PSU Bank index gained 0.07%, healthcare advanced 0.05%, and the cement index edged up 0.04%.
Among Nifty 50 constituents, Nestlé India fell 2.78%, placing it among the session’s weakest performers. Eternal declined 2.53%, while HDFC Life dropped 2.09% and Tata Motors Passenger Vehicles lost 2.07%.
Reliance Industries fell 2.03%, HDFC Bank declined 1.82%, BEL dropped 1.80%, and Adani Enterprises slipped 1.72%. Shares of Trent, Power Grid, Asian Paints and Infosys also remained under pressure.
Bajaj Finance moved higher against the broader market trend, rising 1.74% to close at ₹942.10. Cipla gained 1.29%, while UltraTech Cement advanced 1%.
ICICI Bank, Bajaj Auto, Sun Pharma and State Bank of India also ended the session with gains.
