Benchmark indices extended their losses to the fourth day today mainly led by losses in index heavyweight Reliance Industries, private lenders, and select IT stocks,
Weak global markets, a mixed set of Q3 earnings, and selling by foreign institutional investors (FIIs) dented the domestic market mood in today's session. Meanwhile, investors chose to book profits ahead of the Union Budget on Monday, February 1.
The BSE barometer Sensex plunged 938 points to 47,410 while its NSE counterpart Nifty slipped below the 14,000 marks to end at 13,968, down 271 points.
Global stocks are mostly treading water near record highs as US corporate earnings roll in. Meanwhile, new coronavirus variants that sparked fresh lockdowns and other restrictions are weighing on the market mood.
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