Closing Bell: Indian market declines for the fifth consecutive session

The Indian Domestic markets closed lower for the fifth consecutive session due to the tumultuous global scenario.

The Indian Domestic markets closed lower for the fifth consecutive session due to the tumultuous global scenario. Meanwhile, Brent crude prices hit US$ 96.7 per barrel on Tuesday, the highest mark since September 2014. 

The Sensex closed with a loss of 382 points, or down by 0.66 per cent, and closed of 57,300.68. The Sensex MidCap index closed lower by 165 points and ended the day at 23,416.89 levels. The BSE SmallCap also declined by 439 points and stood at 26,697.23 at day end. The Nifty 50 index also tumbled by 128 points and closed at 17,078.45 levels. Bank Nifty fell by 352 points and ended at 37,333.40. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, went up by 6.83 per cent i.e. by 1.89 points to 30.00 levels. 

The top gainers on the BSE Sensex exchange were Sun Pharmaceuticals, Kotak Bank, HDFC Bank, Mahindra & Mahindra, and Bajaj Finserv. On the other hand, the top losers on the Tata Steel, TCS, State Bank Of India, Dr. Reddy Laboratories, and ITC. The total stocks traded today were 3,441 out of which 692 advanced and 2,664 stocks declined, 85 stocks were unchanged. The number of stocks locked in the upper circuit are 13 and 2 stocks were locked in the lower circuit today. The number of stocks that have made a 52-week high are 86 and 176 stocks made a 52-week low today.