Mumbai: The domestic stock market nosedived for the fifth straight day on Thursday, registering more than one per cent decline in the BSE Sensex and NSE Nifty.
The Sensex plunged 535.57 points or 1.13 per cent, to finish at 46,874.36, while Nifty too declined 149.95 points or 1.07 per cent, to trade at 13,817.55, the lowest point since December 28, 2020.
Investors are taking cautious approach before the general budget. Also, there was pressure on the market for monthly settlement. The perception in the domestic markets was negative due to all-round selling abroad. The Sensex has lost over 2,900 points and the Nifty has lost over 800 points in five consecutive trading sessions.
The BSE MidCap Index fell 0.46 per cent to 18,208.37 points, while the SmallCap fell 0.45 per cent to 18,033.90 points.
Hindustan Unilever was the top loser in the Sensex, as it lost more than three-and-a-half per cent of its share, followed by Maruti, HDFC Bank, PowerGrid, Kotak Mahindra Bank, IndusInd Bank, HCL Tech and Bajaj Finserv, which lost its shares between two to three per cent.
Meanwhile, Axis Bank’s shares rose more than six per cent and State Bank of India’s shares also grew by about two-and-a-half per cent.
