Market Closing Updates: Indian market indexes on Tuesday fell for the second consecutive session, led by technology, consumer, auto, and pharmaceutical stocks. Investors awaited the quantum of another significant interest rate hike in the United States. The central bank lifted its benchmark rate by 50 basis points (bps) in its previous policy and is expected to raise it by 75 bps in the July policy result, which is due on Wednesday.
The 30-share BSE Sensex down 498 points, or 0.89 percent, to 55,268 Thursday, while the broader NSE Nifty fell 147 points, or 0.88 percent, to 16,484. Mid- and small-cap stocks finished down, with the Nifty Midcap 100 down 1.25 percent and small-cap down 1.48 percent.
The National Stock Exchange's 14 sector indices finished in the red. The Nifty IT, Nifty FMCG, Nifty Consumer Durables, Nifty Auto, and Nifty Pharma sub-indices all underperformed the NSE platform, losing as much as 2.83%, 1.39%, 1.29%, 1.18%, and 1.18%, respectively. Nifty Media, on the other hand, climbed as much as 0.86 percent.
The top NSE Nifty loser was Infosys, which fell 3.51 percent to Rs 1,450.85. Hindustan Unilever, Axis Bank, Dr Reddy's Laboratories, and Kotak Mahindra Bank were also among the losers. On the BSE, the total market breadth was negative, with 1,156 shares rising and 2,170 falling.
On the BSE Index, Infosys, Axis Bank, HUL, Dr Reddy's, Kotak Bank, Wipro, L&T, HCL Technologies, TCS, Titan, Tech Mahindra, and Nestle India were among the biggest losses with their shares falling as much as 3.40 percent.
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