Barometers extend losses for 3rd day; auto stocks slide
Mumbai, Sept. 2 -- The key equity indices ended with moderate losses today, extending their decline for the third consecutive trading session, as rising crude oil prices and higher bond yields heightened concerns over a potential resurgence in inflation and raised fears of tighter monetary policy by global central banks. Escalating US-Iran tensions further dampened investor sentiment and kept risk appetite subdued. The Nifty ended below the 23,950 mark.
Selling pressure was seen in auto, media and IT stocks, while oil & gas, realty and PSU Bank shares advanced.
As per provisional closing data, the barometer index, the S&P BSE Sensex declined 373.90 points or 0.49% to 76,570.35. The Nifty 50 index lost 141.35 points or 0.59% to 23,914.45...
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