Sensex, Nifty Decline For Third Day Dragged By Pharma Stocks

New Delhi: The Indian fairness indices on Thursday continued to fall for the third straight session dragged by losses in pharma shares. Investors turned cautious amid renewed fears of a Russian invasion of Ukraine. The benchmark BSE Sensex dropped 59 factors or 0.10 per cent to shut at 57,833; whereas the broader NSE Nifty moved 28 factors or 0.16 per cent decrease to finish at 17,276. Both the indexes fluctuated between positive aspects and losses all through the session earlier than settling in pink.Mid- and small-cap shares completed on a detrimental word as Nifty Midcap 100 index fell 0.91 per cent and small-cap shares plunged 1.06 per cent.11 out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in pink. Nifty Pharma, Nifty Auto and Nifty IT underperformed the index by falling as a lot as 0.87 per cent, 0.63 per cent and 0.44 per cent, respectively.On the stock-specific entrance, ONGC was the highest Nifty loser because the inventory cracked 2.18 per cent to Rs 168. Divi's Lab, Cipla, UltraTech Cement and Mahindra and Mahindra (M&M) have been additionally among the many laggards. In distinction, Coal India, SBI Life, Bajaj Auto, HDFC and Larsen and Toubro (L&T) have been among the many gainers.On BSE, the general market breadth stood weak as 1,170 shares superior whereas 2,182 declined.On the 30-share BSE platform, UltraTech Cement, M&M, Infosys, Reliance Industries and Nestle India attracted essentially the most losses with their shares sliding as a lot as 2.03 per cent.Both the home bourses have witnessed a see-saw commerce because the begin of this week, taking cues from the worldwide markets.Meanwhile, overseas buyers have bought a web $6.41 billion in Indian equities to date this yr in contrast with web purchases of $5.82 billion in the identical interval final yr.