Sensex Slumps 571 Points, Nifty Ends Below 22,500 as Auto & Metal Stocks Drag Markets
What Happened
Indian equities ended sharply lower on Thursday, extending their losing streak to a fourth consecutive session. The BSE Sensex fell 570.59 points (0.79%) to close at 71,909.70, while the NSE Nifty 50 declined 198.50 points (0.88%) to 22,421.95. Weak global cues, elevated crude oil prices, rising bond yields, and persistent foreign investor selling weighed on sentiment throughout the day.
Key Takeaways
Markets remained under pressure as investors grappled with higher oil prices, volatile global bond yields, and continued FII outflows. The Nifty has now recorded its eighth consecutive negative week, highlighting persistent bearish sentiment despite strength in select IT stocks.