{"id":64556,"date":"2025-09-24T10:27:48","date_gmt":"2025-09-24T10:27:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/09\/24\/sensex-nifty-extend-declines-for-fourth-day\/"},"modified":"2025-09-24T10:27:48","modified_gmt":"2025-09-24T10:27:48","slug":"sensex-nifty-extend-declines-for-fourth-day","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/09\/24\/sensex-nifty-extend-declines-for-fourth-day\/","title":{"rendered":"Sensex, Nifty Extend Declines For Fourth Day"},"content":{"rendered":"
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Indian shares ended lower for a fourth day running on Wednesday, with trade-related concerns, rising oil prices and continued selling by foreign investors keeping investors on edge. <\/p>\n

The rupee hit a new record low today after U.S. President Donald Trump accused India and China of being the primary funders of Russia’s war in Ukraine through their continued purchase of Russian oil.<\/p>\n

Additionally, the Trump administration released a proposal that would rework the H-1B visa selection process to favor higher-skilled and better-paid workers, according to a related Federal Register notice.<\/p>\n

Higher oil prices also weighed on sentiment after a deal to resume exports from Iraq’s Kurdistan stalled and industry data showed a drop in U.S. crude inventories.<\/p>\n

Global cues were weak, and the dollar index recovered slightly after two consecutive days of declines after Fed Chair Jerome Powell signaled a cautious approach to future rate cuts and stated that equity prices are currently “fairly highly valued” by many measures.<\/p>\n

Powell also said the Fed is facing a “challenging situation” and that there is no risk-free path” to achieve the central bank’s dual mandate of maintaining full employment and price stability in the U.S. economy<\/span>.<\/p>\n

The benchmark BSE Sensex fell 386.47 points, or 0.47 percent, to 81,715.63 while the broader NSE Nifty index dropped 112.60 points, or 0.45 percent, to 25,056.90.<\/p>\n

The BSE mid-cap and small-cap indexes ended down 0.9 percent and half a percent, respectively. <\/p>\n

The market breadth was weak on the BSE, with 2,568 shares declining while 1,599 shares advanced and 153 shares closed unchanged. <\/p>\n

Tata Motors led losses to close 2.7 percent lower after its unit Jaguar Land Rover prolonged a production shutdown following a cybersecurity incident that disrupted operations on September 2.<\/p>\n

Kotak Mahindra Bank, Axis Bank, TCS, ICICI Bank, Mahindra & Mahindra, Tech Mahindra, UltraTech Cement and BEL fell 1-2 percent. <\/p>\n<\/p>\n<\/div>\n