Stock market today: Nifty 50, Sensex extend slide to 7th straight session; metals outperform | Stock Market News
Source: Live Mint
The Indian market closed in the red once again on November 18, extending its losing streak to a seventh consecutive session. This marks the longest losing streak since February 2023, as the bears appear to have a firm grip on the market, leaving little room for the bulls to make a move.
Both the Nifty 50 and Sensex experienced another volatile session, with sharp selling in the IT and metals sectors. The weakness in heavyweight stocks like Reliance Industries and ICICI Bank further intensified the pressure on the indices, causing them to close at levels not seen since late June.
While there was some support from HDFC Bank and the auto stocks, it wasn’t enough to lift the indices out of the ongoing bearish trend. Consequently, the Nifty 50 closed the session with a decline of 0.34%, settling at 23,453 points. The S&P BSE Sensex closed 110 points, or 0.33%, lower at 77,327.
