Sensex, Nifty fall for 4th day on the trot

March 14, 2023 17:06

Pic: KBK Graphics

Benchmark BSE Sensex declined nearly 338 points to close below the 58,000 level on Tuesday, marking its fourth straight day of losses as auto, IT and financial stocks wilted amid concerns over interest rate hikes and the fallout of failure of two US-based banks.

The 30-share BSE Sensex fell 337.66 points or 0.58 per cent to settle at a new five month low of 57,900.19. During the session, it touched a high of 58,490.98 and a low of 57,721.16.

The broader NSE Nifty declined 111 points or 0.65 per cent to end at a five-month low of 17,043.30, with 38 of its scrips ending in the red. Sensex tumbled 2,447 points or 4.1 per cent while Nifty tanked 711 points or 4.6 per cent in the four days to Tuesday.

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