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Markets extend losses for fourth straight session in volatile trade; metals, auto, IT stocks retreat

03:58 PM Oct 22, 2021 | FPJ Web Desk

The benchmark indices closed lower at the end of trading session today (October 22). The Sensex was down 101.88 points or 0.17 percent at 60,821.62. The broader Nifty was down 63.20 points or 0.35 percent at 18,114.90. About 1,205 shares have advanced, 1,865 shares declined, and 119 shares are unchanged.

Among major losers on the Nifty were Hindalco Industries, Coal India, Tata Motors, ITC and Tata Consumer Products. HDFC, Bajaj Auto, Kotak Mahindra Bank, ONGC and Axis Bank were among major losers.

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Shibani Kurian, Senior EVP & Head- Equity Research, Kotak Mahindra Asset Management Company, said, "Equity market in India witnessed volatility during the week ended 22nd October 2021. Going forward, market direction would likely be determined among other factors by demand momentum in the festive season, movement in commodity inflation and, mobility trends. Commentary of companies that are yet to report results of Q2FY22 and institutional flows should be other factors to watch out for market participants."

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