The domestic benchmark indices on Monday continued to lose for the fourth day in succession as the selling pressure was witnessed in all the sectors except IT stocks.
The Sensex fell 953.70 points to close at 57,145.22 while its broader peer Nifty50 plunged 311 points to end at just above the 17000 mark.
In the 30-share pack, Maruti Suzuki was the topmost loser as it fell 5.49 per cent to 8830.60 followed by Tata Steel 4.22 per cent, ITC 3.96 per cent, Axis Bank 3.40 per cent while NTPC, Bajaj Finance, M&M and IndusInd Bank settled among cuts.
Among the gainers were HCLTech which rose 1.28 per cent to Rs 906.90, Asian Paints went up by 1.14 per cent, Infosys rose 1.06 per cent and TCS increased by 0.40 per cent.
Among the sectors, Nifty Metal index fell 4.13 per cent, Nifty Auto plunged 3.81 per cent. Nifty Realty and Oil & Gas also closed lower.
Investors are now cautious as they await Reserve Bank of India’s expected hike in interest rates on September 30 even as experts warned them to avoid risky investment as markets would continue to be volatile in the near future.
