Closing Bell
Indian shares declined for a sixth straight session, with key benchmarks falling close to their one-month lows, amid waning turnover as capital goods and technology companies led losses.
The S&P BSE Sensex declined 0.2 percent to 26,242 while the NSE Nifty dropped 0.2 percent as well as to 8,061. The market breadth was skewed in favour of the bears once again with 886 stocks declining, 707 advancing and 293 remaining unchanged.
The country’s largest drug maker Sun Pharma declined for a fourth straight session and was the worst performer on the Sensex.
ndian shares are set for a second straight monthly loss on concerns that the government’s decision to recall high denomination currency bills will dampen demand and slow economic growth. Global funds have pulled over $160 million from local shares in December, adding to the $2.6 billion they withdrew last month
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