Sensex falls 49 points, Nifty ends below 22,650 as market continues to bleed. What lies ahead?

The Indian stock market extended losses for the third consecutive session, with Sensex closing with marginal downturn but Nifty ending the session deeper in the red, as surging bond yields kept investors on edge.

Sensex lost nearly 49 points to close at 72,480 while Nifty 50 declined around 96 points to end the session at 22,620. Broader markets, meanwhile, moved into the green, with Nifty Midcap 100 and Nifty Smallcap 100 indices rising up to 0.3%.

Eternal, Sun Pharma, Titan, Adani Ports and Tata Steel shares dropped around 2% each, while those of HDFC Bank, Bajaj Finance, Infosys, Bharti Airtel, Trent, Bajaj Finserv and NTPC shares fell around 1% each. Bucking the trend, Kotak Mahindra Bank shares gained around 3% while ICICI Bank and IndiGo shares rose over 2% each.

Among the sectors, Nifty Healthcare dropped 3% while Nifty Realty gained nearly 2%. The market breadth continued to favour the bears, with NSE seeing 1,813 declines against 1,740 advances, while 132 stocks remained unchanged.