New Delhi, Jan 8 (UNI) The stock market witnessed fall on Thursday as bears tightened their grip leading to the indices extending losses for the fourth consecutive session.
At close, the Sensex was down 780.18 points or 0.92% at 84,180.96, and the Nifty was down 263.90 points or 1.01% at 25,876.85.
The BSE Midcap and Smallcap indices crashed 2% each leading to investors losing about Rs 8 lakh crore in a single session. The overall market capitalisation of BSE-listed firms dropped to below Rs 472 lakh crore from nearly Rs 480 lakh crore in the previous session.
Among the sectors, all the indices ended with losses. Among the key ones, Nifty Metal was down 3.40%, Oil and Gas down by 2.84%, PSU Bank down by 2.08%, and IT was down 2%.
Nifty Bank fell 0.51% to 59,686.50, while the financial services index dropped 0.65%.
On Nifty, only four stocks ended in the green. These included Eternal up by 0.78%, SBI Life Insurance Company up by 0.53%, ICICI Bank up by 0.50% and Bajaj Finance was up by 0.13%.
The top losers were Hindalco Industries (3.78%), Jio Financial Services (3.57%), and ONGC (3.29%).
Out of 4,367 stocks traded on the BSE, 1,039 advanced, while 3,158 declined. Some 170 stocks remained unchanged.
On the BSE, 113 stocks that hit their 52-week highs while 190 stocks hit their 52-week lows.
Those on the highs included Eicher Motors, Bajaj Auto, and Axis Bank while on lows were UBL, Page Industries, IRCTC, Siemens Energy India, and Colgate Palmolive (India).
Some of the key railway stocks like Ircon International, Rail Vikas Nigam, and RailTel Corporation fell up to 4.3%.
Shares of BHEL hit 10% lower after a report said that India plans to scrap curbs on Chinese firms bidding for government contracts.
Among the key IT stocks, Tata Consultancy Services declined as much as 3%, Oracle Financial Services Software dropped up to 2% while Wipro and Tech Mahindra fell 2.14% and 2.07%.
