The Indian stock market ended lower on Tuesday, November 4, as a lack of fresh triggers, profit booking at higher levels, and continued selling by overseas investors weighed on the frontline indices.
The modest earnings announcements by select heavyweights also dampened sentiment, causing the Nifty 50 to decline 0.64% to 25,597 levels, while the S&P BSE Sensex was down 0.62% to 83,459.
The broader markets also mirrored the key indices, with the Nifty Midcap 100 index dropping 0.40% and the Nifty Smallcap 100 index ending with a sharper cut of 0.90%.
Today’s sell-off was broad-based, with all key sectoral indices closing lower. The Nifty Metal index emerged as the top laggard, falling 1.38%, followed by Nifty IT and Nifty Auto, which declined 1.04% and 0.82%, respectively.
Other sectoral indices such as Nifty Realty, Nifty FMCG, and Nifty Media also closed lower by over 0.50%.
The consumer durables index was the only one to end in the green, posting a gain of 0.46%.
(more to come)