Stock Market Today: Nifty, Sensex Slide For Sixth Day After Volatile Session Ahead Of CPI Data; RIL, M&M Drag

As 3:45 p.m. India time, the Dow Jones Industrial Average and S&P 500 futures were each trading 0.17% lower. The Nasdaq 100 future was trading 0.09% down.

Rupee weakened by 6 paise to close at 86.89 against the US Dollar. It closed at 86.83 on Tuesday.

Source: Bloomberg

• The NSE Nifty 50 and BSE Sensex extended losses to the sixth day but managed to pare steep intraday decline of 1.2%.

• The Nifty 50 and Sensex ended 0.12% and 0.16% lower respectively.

• Mahindra & Mahindra, Eicher Motors, Bharat Electronics, and ITC were the top Nifty losers.

• The NSE Nifty Realty declined the most, followed by Nifty Oil & Gas and Nifty Auto.

• Nifty PSU Banks, Nifty Metal and Nufty Finance advanced.

• The NSE Nifty Midcap 150 ended 0.27% down.

• The NSE Nifty Smallcap 250 ended 0.7% down.

Shares of SBI Life, HDFC Life and ICICI Prudential Life were up after the New Income Tax bill proposed no change in taxation for life insurers and policyholders.

Man Industries received Rs 250 crore order for supply of various types of pipes.

Source: Exchange Filing