The Indian stock market fell for the third straight day after the Rail Budget 2016 failed to boost market sentiments. Selling pressure during F&O expiry saw the Nifty close at fresh 52-week low. The decline was led by the power, realty, capital goods, banking and utilities stocks. Even the mid-cap and small-cap stocks ended with losses. The saving grace were metals, telecom and healthcare stocks, which managed to garner some gains. Sentiment also was hit after Chinese stocks ended with a steep loss ahead of the G20 meeting tomorrow in China. China’s Shanghai Composite Index ended 6.41% lower at 2,741.25 points; while the CSI 300 Index ended at 2,918.75 points, down 6.14%.
ONGC, Coal India, Sun Pharma, Idea Cellular, HDFC, Hindalco, M&M and BHEL were among the gainers on NSE, whereas Power Grid, Bank of Baroda, ICICI Bank, SBI, ACC and GAIL were among the losers today.