Sensex, Nifty fall for fourth consecutive day; key reasons behind the slump
India TodayBenchmark stock market indices dropped in the afternoon session, with the Sensex experiencing a notable decline due to weak earnings reports and foreign outflows. In today's trading session on the Nifty 50, Trent emerged as the top gainer, advancing by 1.47%, followed by HCL Technologies which rose 0.94%. Financial sectors showed broad weakness with Nifty Financial Services falling 1.56%, Nifty Financial Services 25/50 dropping 1.43%, Nifty Bank declining 1.27%, and Nifty Private Bank down 1.08%. The auto sector also faced pressure with Nifty Auto sliding 1.39%, while Nifty PSU Bank fell by 1.39%. Other sectors in the red included Nifty Oil & Gas, Nifty Pharma, Nifty Media, and Nifty Healthcare Index, while Nifty Midsmall Healthcare showed a marginal decline of 0.06%.