Indian share markets declined the most in over a month, closing lower for the fourth consecutive day as selling pressure continued after hitting a record high on Thursday. BSE's Sensex ended 937.66 points or 1.94 percent lower at 47,409.93 while NSE's Nifty 50 closed 275.20 points or 1.93 percent lower at 13,963.70.
IndusInd Bank and Axis Bank were the top Sensex laggards, falling 4 percent each while Dr Reddy's, Sun Pharma, Titan, ICICI Bank, and HDFC Bank were all down over 3 percent, each. This is the first instance of the benchmark indices falling for four days in a row since September 2020. 38 out of the 50 index constituents ended with losses.
Except for the Nifty FMCG index, all sectoral indices ended with losses, which closed 0.3 percent higher. Among the laggards, the Nifty Bank index fell 900 points in today's session. All of the 12 index constituents ended with losses. Nifty Metal, Nifty Pharma, Nifty Auto and Nifty Realty indices fell over 2 percent each, while the Nifty PSU Bank index ended 1.5 percent lower. Media and I.T. indices fell 0.6 percent each.
Smallcaps outperformed in today's session from the broader markets space. The index ended 0.1 percent higher while the Midcap index declined 1.6 percent. In the National Stock Exchange, 1,233 stocks ended with losses while 637 stocks bucked the trend to end higher. Amazon plans to create 3,000 jobs in Boston Tech hub
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