Market extend losses for 2nd day; Nifty settles below 23,900 level
Mumbai, June 30 -- The domestic equity benchmarks ended a volatile session with modest losses on Tuesday, extending their losing streak to a second consecutive session, as uncertainty surrounding the US-Iran negotiations in Doha, fresh foreign fund outflows, and weakness in blue-chip IT stocks weighed on investor sentiment. Selling pressure in the IT sector further dampened market sentiment as investors shifted their focus to the upcoming June-quarter earnings season. Meanwhile, volatility remained elevated due to the NSE's monthly derivatives expiry.
The Nifty settled below the 23,900 level. IT, media, and PSU bank stocks declined, while chemicals, realty and consumer durables shares advanced.
As per provisional closing data, the barom...
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