Sensex tumbles 379 points as financial, auto stocks drag; Nifty ends at 15,119 – Times of India

NEW DELHI: Equity indices extended losses for the third straight session on Thursday with the benchmark BSE sensex falling over points, dragged by auto and financial services stock.
The 30-share BSE index slipped 379 points or 0.73 per cent to close at 51,325; while the broader NSE Nifty settled 90 points or 0.59 per cent lower at 15,119.
Bajaj Finance, Kotak Bank, Nestle India, HDFC, M&M and ICICI Bank were the top losers in the sensex pack falling up to 2.43 per cent.
While ONGC, NTPC, Asian Paints, Tech Mahindra, PowerGrid and IndusInd Bank were the top gainers rising as much as 8.32 per cent.
On the NSE platform, sub-indices Nifty Financial Services, Auto and Private Bank fell up to 1.48 per cent.
“There is a sense that the earnings recovery is going to become more broad-based,” said Harendra Kumar, managing director for institutional equities at Elara Capital in Mumbai. “Markets seem to have taken a call that at least for the next 18 months, there will be no major hiccups.”
Meanwhile, foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 1,008.20 crore on Wednesday, according to exchange data.
(With inputs from agencies)