Sensex falls for 7th straight day, down 230 points; Nifty ends at 11,302
Most global markets edged lower as the deadline for the US and China to raise reciprocal tariffs approached
 "Illustration by Ajay Mohanty")
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Illustration by Ajay Mohanty
The benchmark indices extended losses on Thursday, with the Sensex posting its longest losing streak in almost three months, joining a rout of peers across Asia, as investors remained on the edge ahead of the US-China trade talks this week.
The Sensex declined 0.6 per cent, or 230 points, to 37,558.91, a seventh consecutive session of losses in the longest such stretch since February, showed data by Bloomberg. The index has lost 1,508 points, or 3.86 per cent, since April 26. Nearly a third of this fall has been on account of decline in shares of Reliance Industries (RIL), which fell 3.4 per cent on Thursday, dragging the Sensex 141 points down.
The RIL stock fell after Morgan Stanley downgraded the country’s most valuable company to equal-weight from overweight.
The Sensex declined 0.6 per cent, or 230 points, to 37,558.91, a seventh consecutive session of losses in the longest such stretch since February, showed data by Bloomberg. The index has lost 1,508 points, or 3.86 per cent, since April 26. Nearly a third of this fall has been on account of decline in shares of Reliance Industries (RIL), which fell 3.4 per cent on Thursday, dragging the Sensex 141 points down.
The RIL stock fell after Morgan Stanley downgraded the country’s most valuable company to equal-weight from overweight.