On the BSE, market breadth was generally quite weak as 1,312 stocks gained while 2,055 stocks declined.
New Delhi: Indian stock indexes fell for a second straight session on Thursday as bank shares posted losses amid volatile trade. Investors turned cautious when considering geopolitical tensions between Russia and Ukraine. Benchmark BSE Sensex fell 105 points, or 0.18%, to close at 57,892; while the broader NSE Nifty fell 18 points or 0.10% lower to end at 17,305. Both indices fluctuated between gains and losses throughout the session before sinking into the red.
Mid- and small-cap stocks ended on a negative note as the Nifty Midcap 100 index fell 0.30% and small-cap stocks fell 1.04%.
Thirteen of the 15 industry measures – compiled by the National Stock Exchange – are in red. Private Bank Nifty and Bank Nifty PSU underperform the index, falling 1.19% and 1.18%, respectively.
On the stock-specific front, ICICI Bank was the biggest loser in Nifty as shares fell 2.15% to Rs 747.60. Axis Bank, UltraTech Cement, IndusInd Bank and UPL are also among the laggards.
In contrast, Tata Consumer Products, HDFC, ONGC, Reliance Industries and HDFC Life were among the gainers.
On the BSE, market breadth was generally quite weak as 1,312 stocks gained while 2,055 stocks declined.
On the 30-stock BSE platform, Axis Bank, ICICI Bank, UltraTech Cement, IndusInd Bank, Nestle India and TCS suffered the most with their shares sliding as much as 2.03%.
Both domestic exchanges have seen a spike in trading since earlier this week, taking their cues from the global market.
