Market on Thursday | Nifty below 25,500 as market ends 3-day winning streak; Sensex tumbles 1,236 pts
Indian equity markets failed to sustain their early momentum and snapped a three-day gaining streak on February 19, with the Nifty slipping below the 25,400, intraday, amid broad-based selling across sectors. Investor sentiment was further weighed down by escalating tensions between the US and Iran.
At close, the Sensex was down 1,236.11 points or 1.48 percent at 82,498.14, and the Nifty was down 365 points or 1.41 percent at 25,454.35.
The broader indices mirrored the performance of the benchmark indices, with the Nifty Midcap index declining 1.6 percent and the Nifty Smallcap index falling 1.3 percent.
The market capitalisation of BSE-listed companies fell by more than Rs 7 lakh crore on Thursday.
Biggest Nifty losers included Interglobe Aviation, M&M, Bharat Electronics, UltraTech Cement and Trent, while gainers were Dr Reddy’s Laboratories, ONGC, HDFC Life and Hindalco Industries.
All the sectoral indices ended in the red with Auto, Capital Goods, Realty, Power, Consumer Durables, Media down 2% each.