Nifty Falls for Seventh Straight Session, Sensex Extends Losing Streak
Mumbai — Indian benchmark equity indices closed lower on Wednesday, with the Nifty declining for a seventh consecutive session and the Sensex falling for a fourth straight day amid weakness in global markets.
The Nifty dropped 76.60 points, or 0.32 percent, to settle at 24,078.30, while the Sensex fell 325.78 points, or 0.42 percent, to close at 76,909.68.
Wednesday’s decline marked the Nifty’s longest losing streak since September 2025.
Market experts said attention is now focused on the psychologically important 24,000 level for the Nifty.
“A close below 24,050 would increase the likelihood of a test of 24,000 in the next session, while the 24,200-24,300 zone is expected to act as the immediate supply area on any recovery,” a market expert said.
Among Nifty stocks, Max Healthcare Institute, Coal India and Power Grid Corporation of India were among the biggest laggards.
Broader markets also ended lower, with the Nifty MidCap index declining 0.21 percent and the Nifty SmallCap index falling 0.51 percent.
Sectoral performance was mixed. The Nifty Chemical index was the biggest underperformer, while the Nifty IT index outperformed other sectors.
Among Sensex constituents, HCL Technologies, Eternal, Kotak Mahindra Bank, Sun Pharmaceutical Industries and Titan were among the notable gainers.
Power Grid Corporation, Bajaj Finance, Larsen & Toubro, ITC and Hindustan Unilever were among the major losers.
Analysts said weakness in global equity markets continued to weigh on investor sentiment and added to recent pressure on Indian benchmark indices.
“As the Q1 FY27 earnings season draws to a close, corporate results have generally exceeded expectations, reinforcing confidence in earnings resilience,” an analyst said.
However, market experts said the outlook could increasingly depend on developments in crude oil supply chains as some of the temporary factors supporting equities begin to fade. (Source: IANS)
