It was another day of red on Dalal street with the markets falling for the sixth straight session. The sensex crashed 900 points on Thursday, falling below the 64,000 level due to a widespread selloff. Increased tensions in the Middle East, weak global cues along with foreign investor outflows contributed to the decline.
The Sensex closed the day nearly 1.5% lower at 63,148, while the Nifty also declined more than 250 points, closing below the psychological level of 19,000 at 18,857.
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Since October 17, the Sensex has fallen by 3,279 points or 4.93%, while the Nifty has dropped by 954 points or 4.81%. In the last six sessions, over 20 lakh crore of investors' wealth has been eroded.
Among the major losers were Mahindra & Mahindra, down 4.06%, followed by Bajaj Finserv, Asian Paints, Nestle, Bajaj Finserv, JSW Steel, Titan, HDFC Bank, Tech Mahindra, Tata Motors, and Larsen & Toubro. In contrast, Axis Bank, ITC, HCL Technologies, NTPC, and IndusInd Bank posted gains.
In the global markets, Seoul, Tokyo, and Hong Kong closed lower, while Shanghai ended in positive territory. European markets were trading with significant losses, and US markets closed in the red on Wednesday.
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Foreign Institutional Investors (FIIs) sold equities worth Rs 4,236.60 crore on Wednesday, according to exchange data.