Market on Monday | Markets fall for second session on weak global cues, oil surge
Indian equity benchmarks extended their losing streak for a second consecutive session on June 8, pressured by escalating tensions in West Asia, surging crude oil prices, weak global cues and sustained foreign fund outflows.
At close, the Sensex was down 719.08 points or 0.97 percent at 73,524.26, and the Nifty was down 243.70 points or 1.04 percent at 23,123.
The Indian rupee witnessed a sharp fall on June 8, settling 77 paise lower at 95.71 per US dollar, compared with its previous close of 94.94.
The broader market underperformed the benchmarks, with the Nifty Midcap 100 index declining 1.4%, while the Nifty Smallcap 100 index shed 1.9%.
Among the Nifty constituents, Wipro, Jio Financial Services, Eternal, Hindalco Industries and Shriram Finance emerged as the top losers. On the other hand, Max Healthcare, Power Grid Corporation, Bharat Electronics, Tech Mahindra and Nestlé India bucked the trend to finish in the green.
Sectorally, all indices ended in negative territory. The Realty and Metal indices were the worst performers, declining more than 2% each. Selling pressure was also visible across Auto, Consumer Durables, IT, Media, Infrastructure, Power, Energy and Oil & Gas sectors, all of which fell over 1% during the session.
