New Delhi, Dec 2 (UNI) Indian stock market today ended in the red for the third consecutive session, as the NSE Nifty closed around 26,000 amidst depreciation in rupee and selling across the sectors.
At close, the Sensex was down 503.63 points or 0.59 percent at 85,138.27, and the Nifty was down 143.55 points or 0.55 percent at 26,032.20.
While the BSE Midcap index ended marginally lower, Smallcap index fell 0.6 percent.
The market capitalisation of all listed companies on the BSE declined by Rs 1.82 lakh crore to Rs 472.59 lakh crore during the trade.
Among the sectors, all major sectoral indices closed with cuts. Nifty Bank index was down 0.68 percent, and Nifty Financial Services down by 0.90 percent hit the worst. Auto, IT, metals and realty also faced losses with only Nifty Pharma remained untouched.
Banking heavyweights such as HDFC Bank, ICICI Bank, and Axis Bank fell around 1 percent.
On Nifty, 15 stocks closed in the green. Asian Paints emerged as the best performer rising 3.15 percent following an upgrade by UBS. Dr Reddy’s Labs, Maruti, Bharti Airtel, SBI Life and Trent followed suit, gaining 1-0.5 percent.
IndiGo was the worst performer as it declined 1.6 percent while other heavyweights like ICICI Bank, RIL, HDFC Bank, Axis Bank and Adani Enterprises also ended deep in the red, shedding over 1 percent each.
On BSE, 52 stocks scaled 52-week high levels with the prominent names including Asian Paints, Bank of Baroda, AU SFB, Federal Bank, Paytm, Motherson Sumi, union Bank and Vedanta.
Those touching lows included Awfis, Bata India, Deepak Nitrite, Devyani International, Excelsoft Technologies, JSW Cement, PFC and PC Jeweller.
The Indian rupee continued hitting fresh record low, as it touched new record low of 89.95 per dollar.
BLS International Services, Great Eastern Shipping, Sonata Software, Reliance Infrastructure, NBCC (India), Gillette India, AWL Agri Business, PCBL Chemical, were among some of the stocks closing with losses between 2 and 3 percent.
Investors focus will now shift to three-day RBI MPC meeting, slated to begin tomorrow, with the outcome on December 5.
