Indian equity markets extended their losing streak to a seventh consecutive session on Wednesday, August 19, with benchmark indices ending lower as sentiments turned cautious ahead of the release of the US FOMC minutes, as investors remained concerned that the Federal Reserve’s battle against inflation may continue.
The NSE Nifty50 ended 76.60 points, or 0.32%, lower at 24,078.30, while the BSE Sensex settled at 76,909.68, down 325.78 points, or 0.42%, from the previous close.
Among broader market indices, the Nifty Midcap100, and Nifty Smallcap 100 indices finished lower by 0.21%, and 0.51%, respectively. On the sectoral front, IT stocks bucked the trend, with the Nifty IT index eking out gains of 0.73%.
The overall market breadth remained negative, with NSE seeing 2,173 declines against 1,320 advances, while 116 stocks remained unchanged.
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Here are today’s top gainers on the Nifty
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