Indian equity markets extended their losing streak for the fourth consecutive session as benchmark indices ended noticeably lower amid cautious investor sentiment. The BSE Sensex closed 346 points down, reflecting sustained selling pressure across key sectors, while the Nifty 50 slipped below the crucial 25,950 mark by the end of trade.
Market sentiment remained subdued as investors continued to book profits after the recent rally and stayed wary ahead of global cues and domestic macroeconomic developments. Weakness was visible across information technology, metals and select infrastructure stocks, adding to the overall pressure on the benchmarks. Broader markets also witnessed mild selling, indicating a cautious undertone among participants.
Among the major laggards, shares of HCL Technologies declined around 2 percent, weighed down by concerns over demand outlook and valuation after the recent run up in IT stocks. Adani Ports and Special Economic Zone also fell nearly 2 percent, contributing significantly to the decline in the frontline indices as infrastructure stocks faced selling pressure.
Despite the fall, some pockets of the market showed resilience, with select FMCG and defensive stocks limiting deeper losses. Analysts noted that while near term volatility may persist, the broader market structure remains intact, supported by strong domestic fundamentals and steady inflows over the longer term.
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