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Sensex Extends Slide for Fourth Day as Nifty Closes Below 26,000

Foreign outflows plus thin holiday volumes pressured sentiment.

Overview

  • The Sensex fell 345.91 points, or 0.41%, to 84,695.54 after touching an intraday low of 84,637.86.
  • The Nifty declined 100.20 points, or 0.38%, to 25,942.10, marking a third straight loss.
  • Selling concentrated in oil & gas and IT, with Adani Ports, HCL Tech, Power Grid, Trent, Bharat Electronics and Bharti Airtel among top losers, while Tata Steel, Asian Paints, Hindustan Unilever and Eternal gained.
  • Exchange data showed FIIs were net sellers of Rs 317.56 crore on Friday, while DIIs were net buyers of Rs 1,772.56 crore.
  • Global cues were mixed and Brent crude rose 1.7% to $61.67 a barrel, adding to caution.