Closing : Sensex Drops 571 Points, Nifty Slips Below 22,450

Indian equity benchmarks extended their losing streak for the fourth consecutive session on October 1, with the Nifty ending below 22,450 amid broad-based selling. The Sensex declined 570.59 points, or 0.79%, to 71,909.70, while the Nifty fell 198.50 points, or 0.88%, to 22,421.95.

, Maruti Suzuki, M&M, Adani Enterprises and Adani Ports were among the major Nifty laggards. In contrast, HDFC Life, SBI Life Insurance, HDFC Bank, Infosys and TCS closed higher. Sectoral performance was mixed but largely negative. The IT index advanced around 2.2%, while Telecom gained about 0.5%. Auto, Media, FMCG, Infrastructure, Metal, Consumer Durables and Realty declined around 2–3%, while Energy, Pharma, PSU Banks and Oil & Gas fell more than 1%. Broader markets also remained under pressure, with the Nifty Midcap index declining 1.1% and the Smallcap index falling nearly 1%. The benchmarks also recorded their eighth consecutive weekly decline, their longest such losing streak in 25 years. Elevated crude prices, foreign selling, a weaker rupee and higher global bond yields remained key market concerns. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.