SENSEX extends losses for 3rd straight day, NIFTY settles below 24,000: Check today’s top losers and gainers

Indian benchmark indices SENSEX and NIFTY extended losses on Tuesday, August 6, and settled in the red for the third straight day. The indices recovered from their intraday low on the back of a rebound in rupee from an all-time low level of ₹83.97 against the US dollar.

NIFTY50 fell 0.39% to hit an intraday low of 23,960.40 points. However, the key index recovered from the day-low and closed flat at 23,992, down by 0.26% or 63.05 points.

The 30-share SENSEX also closed flat at 78,593.07 points, down by 166 points or 0.21%. In intraday trade, the benchmark index hit a low of 78,496 points.

Japan's benchmark Nikkei 225 share index gained as much as 10.7% in the early hours of trade on Tuesday, recovering from yesterday’s sharp fall of 12.4%. The index pared the gains throughout the day; however, it closed 10.2% higher at 34,675.46. This also helped in some recovery in Asian markets after Monday’s mayhem.

Out of the NIFTY50 constituents, 29 stocks closed in the red, while 21 stocks settled in the green.

The NIFTY Financial Services index emerged as the top drag out of all the sectoral indices, closing 1.42% lower. On the other hand, the NIFTY Realty index emerged as the top gainer, closing 0.84% higher.

HDFC Life, SBI Life, Bharat Petroleum Corporation Limited (BPCL) emerge as top NIFTY losers

HDFC Life was the biggest loser among all NIFTY50 constituents. The life insurance provider’s shares closed at ₹680.5 apiece, down 4.28%. The stock also emerged as the third biggest loser among the NIFTY Financial Services shares.

SBI Life Insurance Company’s shares were second on the NIFTY50 top losers list. The stock fell 3% to an intraday low of ₹1670.1 apiece on the NSE. The stock recovered a little and closed at ₹1,680.35 apiece, down by 2.43%.

BPCL shares traded lower by 2.42% to hit an intraday low of ₹333.4 apiece on the NSE, the stock closed ₹335.4 apiece, down by 1.84%.

Shriram Finance shares closed marginally lower by 1.71% at ₹2,842 apiece on the NSE. The stock also emerged as the seventh biggest loser on the NIFTY Financial Services index.

Among other major losers, SBI, Bharti Airtel and Mahindra & Mahindra fell up to 1.47%.

Britannia, JSW Steel and Tech Mahindra among top NIFTY gainers

FMCG shares led the gains with Britannia surging 3.91% to an intraday high of ₹5,921 apiece. The stock closed at ₹5,858 apiece, up by 2.81%. The stock also emerged as the top gainer in the NIFTY FMCG index, which closed 0.09% higher.

JSW Steel was the second biggest gainer among NIFTY50 stocks, closing at ₹884.1 apiece, up 2.35%.

Tech Mahindra was the third biggest gainer in Tuesday’s trade and closed 1.74% higher at ₹1,456.35 apiece.

Larsen & Toubro, Hindustan Unilever, HCL Tech and Adani Enterprises were among the other top gainers, rising as much as 1.7%.