Indices fall for third straight day, Sensex slips 272 points

Indices fall for third straight day, Sensex slips 272 points
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Mumbai, Dec 24: The benchmark indices continued their losing streak for the third consecutive session on Monday, ending the Christmas-eve by falling nearly 1 per cent dragged down by metal and automobile stocks.
The markets will be shut on Tuesday on account of Christmas and will reopen on Wednesday.
The S&P BSE Sensex ended at 35,470, down 272 points or 0.76 per cent, while the broader Nifty50 index settled at 10,664, down 91 points or 0.84 per cent.
Among the sectoral indices, the Nifty Metal index was the top loser of the day, falling 2.3 per cent weighed by JSW Steel and Jindal Steel & Power. The Nifty Auto index, too, slipped 1.4 per cent dragged down by Hero MotoCorp and Bajaj Auto.
The broader market indices, too, fell in line with their benchmark peers. The S&P BSE MidCap index slipped 0.54 per cent to 15,171, while the S&P BSE SmallCap index fell 1.14 per cent to 14,466.
Among individual stocks, Max India fell 4.7 per cent to Rs 80.30 on NSE after the company said it will sell a stake in its healthcare services joint venture Max Healthcare Institute to Radiant Life Care and global investment firm KKR. The deal includes Radiant Life’s purchase of a 49.7 per cent stake in Max Healthcare from South Africa-based hospital operator Life Healthcare International Proprietary.
Shares of graphite electrode manufacturer Graphite India fell 5 per cent to Rs 755 on NSE, after Karnataka State Pollution Control Board renewed the consent for the operation of its electrode plant in Bengaluru for a period up to June 30, 2020, but with the condition to shift the unit from the existing location.