All sectoral indices closed lower, with the Nifty realty index falling by 4 percent, while the auto, IT, energy, metal, and PSU bank sectors dropped by 2 percent each.
The bears maintained their control on Dalal Street, with the Nifty index declining for the fifth straight session on December 20, dropping beneath the 200-DMA level of 23,826 due to selling in various sectors and unfavorable global signals.
In light of mixed global signals, the index began flat with a negative inclination and continued to decline during the first half. Nonetheless, it could not sustain the mid-session rebound and experienced increased profit booking as the day advanced, dropping below 23,550, and ultimately closing at 23,587.50, down 364.2 points or 1.52 percent.
For the week, the index fell by 4.76 percent.
The largest Nifty decliners were Trent, Tech Mahindra, M&M, IndusInd Bank, and Axis Bank, whereas the top gainers were Dr Reddy’s Labs, Nestle India, HDFC Life, and ICICI Bank.
