INSUBCONTINENT EXCLUSIVE:
Domestic equity benchmark indexes extended declines as the SP BSE Sensex fell for sixth day in a row, its worst run since September 5, 2018,
and the Nifty 50 Index logged in fifth session of losses paced by declines in information technology, oil gas and telecom stocks
benchmarks opened on a mixed note but later came under selling pressure and the Sensex fell as much as 235 points and Nifty dropped 75
points.Ten of 19 sector gauges compiled by BSE ended lower dragged by the SP BSE Oil Gas Index's 2.31 per cent decline
Energy and telecom indices on the BSE also dropped 1.74 per cent and 1.95 per cent each respectively.From the Nifty basket of shares, Indian
Oil was the top loser, the stock fell as much as 3.85 per cent to Rs 125
Bharat Petroleum, Hindalco, Bharti Airtel, GAIL India and Bharti Infratel were also among the losers
On the flipside, Yes Bank surged 31 per cent to Rs 222.60 after the central bank cleared the private sector lender of any divergences in bad
loan reporting practices.Indiabulls Housing Finance, Zee Entertainment, JSW Steel, Tata Motors and Sun Pharma were also among the gainers,
up 3.2-7 per cent each.Mid- and small-cap shares outperformed their larger peers as the SP BSE Midcap Index rose 0.5 per cent and the SP BSE
Smallcap Index rose 0.2 per cent.The overall market breadth was negative as 1,365 shares declined while 1,164 advanced on the BSE.
