Both the indexes started on a higher note but gave up all of their respective gains in the last hour.New Delhi: The Indian equity indices on Wednesday extended their losing run for the sixth straight session led by selling pressure in financial and automobile stocks.
Both the indexes started on a higher note but gave up all of their respective gains in the last hour.The benchmark BSE Sensex fell 69 points or 0.12 per cent to close at 57,232; while the broader NSE Nifty moved 29 points or 0.17 per cent lower to end at 17,063.However, mid- and small-cap shares finished on a positive note as Nifty Midcap 100 index rose 0.64 per cent and small-cap shares gained 1.16 per cent.Five of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in red.
Nifty Financial Services and Nifty Auto underperformed the index by falling as much as 0.24 per cent and 0.21 per cent, respectively.On the stock-specific front, ONGC was the top Nifty loser as the stock cracked 2.39 per cent to Rs 161.
Hero MotoCorp, NTPC, L-T and JSW Steel were also among the laggards.In contrast, Kotak Mahindra Bank, Titan, IndusInd Bank, Tata Consumer Products and Maruti Suzuki India were among the gainers.On BSE, the overall market breadth stood strong as 2,194 shares advanced while 1,172 declined.On the 30-share BSE platform, NTPC, L-T, Bajaj Finserv, Nestle India, ICICI Bank and HDFC twins (HDFC and HDFC Bank) attracted the most losses with their shares sliding as much as 1.40 per cent.Both the domestic bourses have witnessed volatile trade since last week, taking cues from the global markets amid the Russia-Ukraine crisis.