Sensex falls for 3rd consecutive session: What's behind the decline?
What's the story
India's stock market indices, the Sensex and Nifty 50, witnessed a decline for the third consecutive session on Tuesday. The fall was mainly due to profit-booking near record highs and mixed global cues. The Sensex ended at 84,587 after losing 314 points or 0.37%, while the Nifty 50 settled at 25,884.8 after a loss of 75 points or nearly 0.3%.
Market volatility
Market fluctuations and external factors
The market benchmarks witnessed a volatile session, swinging between gains and losses. This was mainly due to the absence of fresh triggers. The uncertainty over the India-US trade deal, weakness in the Indian rupee, and foreign capital outflows are some of the major factors weighing on the market.
Sectoral trends
Sectoral performance and top gainers
The PSU Bank and Realty sectors outperformed the market, with the Nifty PSU Bank index rising 1.44% and the Nifty Realty index jumping 1.62%. On the other hand, IT stocks lagged behind with a 0.57% decline in the Nifty IT index. Adani Enterprises (-2.91%), Tata Motors Passenger Vehicles (-1.59%), and Trent (-1.49%) were among today's biggest losers on Nifty today.
Market overview
Market performance and advance-decline ratio
The mid and small-cap segments outperformed the broader market, with the BSE Midcap index rising 0.19% and the Smallcap index climbing 0.20%. Out of 4,330 stocks traded on BSE today, 2,095 advanced while 2,076 declined. A total of 159 stocks remained unchanged at today's closing price level.