Mumbai, Nov 13
The Indian stock market closed on a bearish note on Wednesday with significant declines across major indices.
The Sensex fell by 984 points or 1.25 per cent to settle at 77,690, while the Nifty dropped 324 points or 1.36 per cent to close at 23,559.
This week so far, Sensex was down 1,795 points or 2.26 per cent and Nifty was down 589 points or 2.44 per cent.
Sectors such as Metal, auto and banking faced substantial selling pressure, contributing to the overall market decline.
Due to the decline, the market cap of all the companies listed on the Bombay Stock Exchange (BSE) has declined by about Rs 6 lakh crore which now stands at Rs 430 lakh crore.
Along with large-cap, selling pressures were seen in the smallcap and midcap stocks. The Nifty Midcap 100 index was down 1,456 points or 2.64 per cent at 53,800 and the Nifty Smallcap 100 index was down 532 points or 2.96 per cent at 17,458.
Twenty-seven out of 30 Sensex stocks closed in the red.