Indian benchmarks extend losses; Nifty below 23,650, Sensex down 555
Indian benchmark indices extended their losing streak for a second session on Sept. 8. The Nifty hit a nearly three-month low as selling pressure hit IT, oil & gas and banking stocks; the Sensex fell 555 points.
Indian benchmark indices extended their losing streak for the second consecutive session on September 8, with the Nifty hitting a nearly three-month low amid selling pressure in IT, oil & gas and banking stocks. After a weak opening, the market staged a brief pullback in the initial hours but failed to sustain the rebound.