Benchmarks decline for 3rd day; media shares tumble
Mumbai, Oct. 22 -- The domestic equity indices ended with major losses on Thursday, extending their losing streak to a third consecutive session, as elevated crude oil prices stoked inflation concerns and selling pressure in index heavyweight stocks weighed on investor sentiment. The Nifty settled below the 22,700 mark.
Media, FMCG and IT shares declined while pharma and PSU Bank stocks advanced.
As per provisional closing data, the barometer index, the S&P BSE Sensex tanked 460.30 points or 0.62% to 73,249.39. The Nifty 50 index lost 123.70 points or 0.54% to 22,687.65. In the three consecutive trading sessions, both the Sensex and Nifty have declined 1.98% each.
The broader market underperformed the frontline indices. The BSE 150 Mid...
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