Benchmark stock market indices dipped to the grounds for the seventh consecutive session due to which the domestic investors are concerned about the chronic interest rate which will potentially rise in the regime. This also marks the longest loss in five months.
The S&P BSE Sensex concluded with 175.58 points lower at 59,288.35, while the NSE Nifty 50 ended at 73.10 points lower at 17,392.70. The broader market indices further failed to keep a good stance in the benchmark stocks.
In the segment of sectoral indices, the losses were faced due to Nifty Media, Nifty IT, Nifty Metal and Nifty Auto, while Nifty Realty was the best gainer, received a rise of 11 per cent in Lodha shares.
Adani Enterprises emerged as the worst performing on the Nifty 50 index, dipping to 9.74 per cent. All other Adani Group stocks fell to the lowest level except Adani Ports.
Bajaj Auto shares too faced a bad stance with 5.32 per cent as demonetisation hit Nigeria which is one of the largest markets of the company.
UPL, Tata Steel, Infosys and Eicher Motors were the top losers in the index. While ICICI Bank, Powergrid, Kotak Mahindra Bank, HDFC Life, SBI and SBI Life minted over 1 per cent.
