Sensex Plunges 570 Points: Markets Extend Losses for 4th Day
By ThePip Desk
Indian stock markets extended losses for the fourth straight session as Sensex plunged 570 points amid heavy FII selling and West Asia tensions.
Indian equity markets remained under pressure on Thursday, extending their losses for the fourth consecutive session, as traders remained cautious amid ongoing concerns over developments in West Asia, fears of higher interest rates, and sustained selling by foreign investors in recent sessions.
Both the Sensex and Nifty ended lower, despite a late-session recovery, amid broad-based selling across sectors. Gains in select IT counters were unable to offset weakness across financial, auto and other major sectors, while auto stocks were among the key laggards as September sales numbers fell to match market expectation.
Key Market Drivers And Economic Data
Traders monitored crucial economic updates and institutional flows affecting domestic sentiment throughout the trading session.
- Rs 10,148.41 crore: Foreign institutional investors extended their selling spree, offloading equities worth this amount on Wednesday.
- 13 per cent: The India Meteorological Department stated that India recorded this rainfall deficit during the southwest monsoon season from June to September.
- 41.9 per cent: The Controller General of Accounts reported that India’s fiscal deficit touched this portion of the current financial year budget target at the end of August 2026.
Index Movement And Sectoral Performance
The BSE Sensex ended at 71909.70, down by 570.59 points or 0.79% after trading in a range of 71292.88 and 72572.90, with 5 stocks advancing against 25 stocks declining on the index on a provisional basis.
- Auto down by 3.09%: This sector led the top losing indices on the BSE, alongside Metal down by 2.18%, Consumer Disc down by 2.07%, Basic Materials down by 1.90%, and Utilities down by 1.71%.
Infosys led the Sensex gainers up by 1.22%, followed by HDFC Bank up by 0.73%, TCS up by 0.37%, HCL Technologies up by 0.33%, and Kotak Mahindra Bank up by 0.10% on a provisional basis.