Markets Extend Losing Streak; Nifty Ends Below 24,100
What Happened
Indian equities closed marginally lower for a second straight session amid concerns over rising geopolitical tensions in the Middle East. The Sensex slipped 13 points to 76,944.28, while the Nifty50 fell 24.6 points to 24,055.80. Selling pressure in banking, auto, realty and healthcare stocks weighed on sentiment, while FMCG and IT stocks provided some support.
Key Takeaways
Investors remained cautious despite strong domestic growth indicators, as elevated crude oil prices, global uncertainty and foreign fund outflows kept risk appetite in check. Defensive sectors such as IT and FMCG attracted buying interest, while auto and pharma stocks lagged.