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Indian equities ended at the day's low, beginning the new trading week on a negative note.
The S&P BSE Sensex ended 1% lower at 48,564 while the NSE Nifty 50 index fell 1.1% to end at 14,281. However, both the indices ended 160 and 60 points higher than their respective day's low.
This is also the first instance when the Nifty has declined over 1% on consecutive days since April 1 and April 3, 2020.
Among the sectoral indices, while all of them ended with losses, the Metals index was the top laggard, ending 4.1% lower.
Among other indices, The Nifty Pharma, Nifty PSU Bank, Nifty Realty, Nifty Media and Nifty Auto, all saw losses in excess of 2%. The I.T. index fell 1.7% while the Nifty Bank index ended 1.3% lower.
Broader markets too ended the day on a negative note, underperforming the benchmarks. The Midcap index ended 2.1% lower while the Smallcap index fell 1.8% in today's session.
The India Volatility Index ended 1.6% higher at 24.4.
1,512 stocks on the NSE ended with losses in today's session while 420 stocks bucked the trend to end higher.
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Indian equities have begun the new trading week on a subdued note, despite futures pointing to a gap down opening.
The S&P BSE Sensex opened 26 points higher at 49,061 while the NSE Nifty 50 index opened 20 points higher at 14,453.
All sectoral indices too have opened little changed in today's session. The FMCG index is up 0.3%, as is the PSU Bank index. The Auto and Pharma indices have opened marginally lower while others are flat.
Broader markets too have opened on a tepid note. The Nifty Midcap index is up 0.1% while the Smallcap index is up 0.2% at the start of trade.
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