Closing Bell: Sensex Sheds 571 Points, Nifty Ends 22,450

Indian benchmark indices extended their decline for the fourth straight session on October 1, with broad-based selling keeping the Nifty below the 22,450 mark. The Sensex slipped 570.59 points, or 0.79%, to 71,909.70, while the Nifty declined 198.50 points, or 0.88%, to 22,421.95. Among the major Nifty losers were Bajaj Auto, Maruti Suzuki, M&M, Adani Enterprises and Adani Ports, while

, SBI Life Insurance, HDFC Bank, Infosys and TCS finished higher. Sectoral trends remained predominantly weak. The IT index gained around 2.2%, while Telecom advanced nearly 0.5%. In contrast, Auto, Media, FMCG, Infrastructure, Metal, Consumer Durables and Realty dropped around 2–3%, while Energy, Pharma, PSU Banks and Oil & Gas declined more than 1%. Broader markets also witnessed selling pressure, with the Nifty Midcap index falling 1.1% and the Smallcap index declining nearly 1%. The market also marked its eighth consecutive weekly decline, extending its longest losing streak in 25 years. Higher crude prices, sustained foreign outflows, rupee weakness and elevated global bond yields continued to weigh on investor sentiment. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.