Indian Stock Market Ends Lower After Four-Day Rally

5 Mar 2024 , 03:45 PM

Ending their four-day winning streak, Indian benchmark indices closed lower on Tuesday.

The Sensex started the day on a lower note at 73,767.42, reaching a low of 73,412.25 before recovering slightly to close at 73,677.13, down 195.16 points, or 0.26%. Notable gainers on the Sensex included Tata Motors, Bharti Airtel, SBI, Sun Pharma, and NTPC, while Bajaj Finserv, Bajaj Finance, Nestle India, Infosys, and TCS registered losses.

Similarly, the Nifty 50 began lower at 22,371.25, dipping to a low of 22,269.15 during intraday trading. However, by the closing bell, it had fallen by 49.30 points, or 0.22%, to reach 22,356.30. The top losers on the Nifty 50 included Bajaj Finserv, Bajaj Finance, Nestle India, Infosys, and TCS, while Tata Motors, Bharti Airtel, Bajaj Auto, SBI, and ONGC emerged as the top gainers.

Several heavyweight sectoral indices ended the day in negative territory, with the IT index leading the losses with a decline of 1.59%, followed by FMCG, down 1.05%. Conversely, the PSU Bank index gained 2.56% by the close, followed by the Auto index, which rose by 1.35%.

In the broader market, the BSE MidCap index closed down 0.17%, while the BSE SmallCap index ended the day lower by 0.63%.