Benchmarks for Indian equities fell during Thursday’s early trading as the selloff grew more severe in all areas. For the sixth session in a row, the domestic indices kept falling.
All the 15 sector gauges — compiled by the NSE — were trading in the red. Sub-indexes Nifty Bank, Nifty Financial Services, Nifty Auto, Nifty Metal, Nifty IT and Nifty Oil Gas were underperforming the NSE platform by falling as much as 0.97 per cent, 1.12 per cent, 1.57 per cent, 2.11 per cent, 1.24 per cent and 1.14 per cent, respectively.
The overall market breadth was negative as 2,561 shares were declining while 341 were advancing on BSE. Cumulative investor wealth of Rs 20.14 lakh crore was erased in six days.
On the 30-share BSE index, HDFC Bank, Bajaj Finance, L&T, ICICI Bank, SBI, Kotak Mahindra Bank, Reliance Industries, TCS and Tata Motors were among the top laggards.