Barometers extend losses for 4th day; auto shares skid
Mumbai, Oct. 1 -- The key equity benchmarks ended with significant losses today, extending their decline for the fourth consecutive session, as continued selling by foreign institutional investors (FIIs), a weakening rupee and rising global bond yields weighed on investor sentiment. Market sentiment remained subdued amid volatility in crude oil prices and persistent uncertainty surrounding the US-Iran conflict. Investors also tracked monthly auto sales data and updates from the banking sector for further cues. The Nifty settled below the 22,450 level, while broader market stocks also came under pressure.
Auto, metal and media shares declined while IT, private bank shares advanced.
As per provisional closing data, the barometer index, th...
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