The market continues to decline on the sixth day – The Market Continues to Decline for Sixth Day

The Sensex and Nifty continued to decline even in the sixth trading session on Wednesday due to constant pressure on the morale of the concerns of the global trade war. However, the index managed to compensate for about one percent loss from the lower level of the day with the help of positive global trends. In day trading, the Sensex had reached a low of 75,388.39 while the Nifty fell to 22,798. Finally, the Sensex closed at 76,171 with a loss of 123 points or 0.16 per cent. The Nifty fell 27 points or 0.1 per cent to close at 23,045.

Six consecutive days of decline is the longest decline in the Sensex since February 28 and this is the longest decline for Nifty since November 18. The Sensex and Nifty have declined by 3 percent in the last six sessions and are close to their lowest level in eight months.

The total market capitalization of the firms listed on BSE declined to Rs 1.1 lakh crore to Rs 407 lakh crore. Nifty Midcap 100 and Nifty Smallcap 100 declined by 0.26 per cent. In day trading, the smallcap index slipped into the ‘Beer Market Territory’ as it had fallen by 20 per cent from its high levels.

First Published – February 12, 2025 | 10:24 pm IST