Sensex and Nifty Halt Winning Streak, Face Dips Amid Global Cues and FIIs Selling

7 Dec 2023 , 01:28 PM

Sensex and Nifty end a seven-day winning streak, experiencing a pause in trading on Thursday. Weak global market cues and selling by Foreign Institutional Investors (FIIs) contribute to the breather.

Banking and IT stocks face significant selling pressure during the session. Sensex trades at Rs 69,546.35, reflecting a 0.14% decline from the previous close.

Nifty is at Rs 20,916, marking a 0.10% decrease from the previous close. Despite the benchmark dip, BSE Midcap and BSE Smallcap indices show positive movement in the broader markets.

Auto sector records the highest gains, while the FMCG sector faces losses. The fall in oil prices is anticipated to benefit paint stocks and Oil Marketing Companies (OMCs).

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