Stock Market Today: Nifty, Sensex End At Lowest In Over A Month As Finance, Auto Stocks Drag

-Rupee weakened 12 paise to close at a record low of 83.96 against the US dollar.

-It closed at 83.84 on Monday.

Source: Bloomberg

Benchmark equity indices erased all their morning gains in the second half of the session to record their lowest closing in a month and a third consecutive session of fall.

The Nifty fell 63.05 points or 0.26% to end at 23992.55 and Sensex fell 166.33 points or 0.21% to end at 78593.07. Intraday, the Nifty had risen 1.36% and the Sensex had risen 1.39%.

"The near-term outlook for Nifty 50 turned bearish unless it gives a convincing move above 24,400 while on the downside, 50 day moving average support that is 23,880 will be considered as immediate support," said Aditya Gaggar, director of Progressive Shares.

Shares of HDFC Bank Ltd., State Bank Of India, Bharti Airtel Ltd., Mahindra & Mahindra Ltd., and ICICI Bank dragged the Nifty.

While those of Reliance Industries Ltd., Larsen & Toubro Ltd., Hindustan Unilever Ltd., HCL Technologies Ltd., and JSW Steel Ltd cushioned the fall.

Most sectoral indices fell with Nifty PSU Bank being the top loser. Nifty Realty rose the most.

Market breadth was skewed in favour of sellers. Around 2,428 stocks declined, 1,487 stocks rose, and 106 stocks remained unchanged.

Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.71% and 0.57% lower, respectively.

On BSE, 16 sectors ended on a negative note, and four settled higher. The BSE Telecommunication declined the most, while the BSE Realty rose the most

• Nifty, Sensex fall for third consecutive session

• Nifty hit intraday low of 23,960.40

• Sensex hit intraday low of 78,496.57

• Nifty closed at its lowest level since June 28

• Sensex closed at its lowest level since June 25

• Broader indices underperformed; Nifty Midcap 100 ended 0.61% lower and Nifty Smallcap 250 ended 0.39% down

• Among sectoral indices, Nifty Realty was the top gainer and Nifty PSU Bank fell the most

• Nifty fell 63.05 points to end at 23992.55 and Sensex fell 166.33 points to end at 78593.07

• Britannia and JSW Steel were top Nifty gainers; HDFC Life and SBI Life were top losers

• Net profit at Rs 169 crore vs Rs 83 crore

• Revenue up 28.7% at Rs 2,865 crore vs Rs 2,226 crore

• EBITDA up 64.1% at Rs 238 crore vs Rs 145 crore

• Margin at 8.3% vs 6.5%

• Net profit up 17.8% at Rs 86 crore vs Rs 73 crore

• Revenue up 13.3% at Rs 1,281 crore vs Rs 1,131 crore

• EBITDA up 14.3% at Rs 184 crore vs Rs 161 crore

• Margin at 14.4% vs 14.2%