Market Wrap: D-Street logs 7th straight loss on auto, IT sell-off; Sensex falls 61 points, Nifty below 24,700
India’s heartbeat indices Nifty and the BSE Sensex ended negative on Monday recording their seventh successive loss led by selling pressure in auto, IT and pharma stocks. The trade was lackluster as markets traded in a range.
Nifty ended at 24,634.90, down 19.80 or 0.08% while the 30-stock Sensex settled at 80,364.94, falling 61.52 points or 0.08%.
Top Gainers & Losers
Pharma stock Wockhardt stole the show with 15% surge despite selling pressure in pharma counters after reports suggested minimal impact of US tariffs on its drug called Zaynich. The reports said that the drug will be manufactured in Europe and exported to the US. The US-EU tariff agreement which puts a 15% cap on exports to US will benefit the company, the reports said.
While Nifty closed with minor losses, the breadth remained positive with 26 stocks ending in the green, 23, in the red and one remaining unchanged.
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