The stock market witnessed another uneasy session as the Sensex extended its losing streak for the third straight day slipping by 275 points in a display of growing caution among investors. The mood across Dalal Street turned noticeably tense as traders reacted to weak global signals and a round of profit booking that weighed heavily on frontline indices. The Nifty also lost ground and moved below the 25800 mark reflecting broad based softness across sectors.
Pressure intensified as prominent names like IndiGo and Eternal saw declines of nearly three percent each. The fall in these stocks added to the nervous undertone of the market with aviation counters facing questions around rising fuel costs and operational challenges. Midcap and smallcap segments also struggled to hold their footing adding to the sense of unease that dominated the trading day.
Despite the downturn selective buying appeared in pockets of defensives though it was not strong enough to shift overall market sentiment. Investors continued to keep a close eye on global economic trends currency fluctuations and upcoming macro data expectations that may influence the next movement of the indices.
0 Comments