Market on Wednesday | Market extends losing streak to third session; Sensex down 271 pts, Nifty under 25,200
The Indian equity market extended its losing streak for a third consecutive session on January 21 amid weak global cues, including geopolitical tensions over Greenland and a sharp sell-off in Japanese government debt. The sustained selling pressure dragged the benchmark indices below their 200-day moving averages for the first time in eight months.
At close, the Sensex was down 270.84 points or 0.33 percent at 81,909.63, and the Nifty was down 75 points or 0.30 percent at 25,157.50.
The broader indices once again underperformed the benchmarks, with the BSE Midcap and Smallcap indices declining about 1 percent each.
Except for metal and oil & gas, all other sectoral indices ended in the red, with pharma, IT, private banks, realty and PSU banks declining between 0.5-1 percent.
On the Nifty, Trent, Bharat Electronics, ICICI Bank, Tata Consumer and Apollo Hospitals were among the top losers, while Eternal, Max Healthcare, InterGlobe Aviation, Hindalco and JSW Steel featured among the gainers.