The BSE Sensex slipped by 65 points to close at 20,250. The NSE Nifty 17 points to close at 6,103.

The NSE Nifty has lost nearly 90 points and the BSE Sensex has lost almost 300 points in the past two days. Today’s decline was led by the Metals, Auto and the Power stocks. Even, the Mid-Caps and the Small-Cap continued to be battered. However, defensives like the Pharma and select IT stocks bucked the negative trend.

The markets opened on a flat note with a positive bias, following mixed cues from global markets. But, soon markets traded in red on account of lack of buying at higher levels. However, the indices managed to cut much of the early losses as buying support was witnessed among power and FMCG stocks. As the day progressed, the indices continued to trade in a narrow range. Further, domestic indices witnessed a heavy sell-off as sentiments turned negative due to weak opening of European stocks. Finally, the markets ended on a weak note as selling pressure was witnessed across sectors with the Sensex and Nifty down by 1.1% each. BSE mid-cap and small-cap indices were down by 0.7% and 0.9%, respectively.

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