NEW DELHI, 17 October (H.S.) :The domestic

market experienced significant losses driven by widespread selloffs across

various sectors, notably auto, realty, consumer durables and finance. This

downturn was attributed to weaker sales forecasts for the festive season, high

NPAs and slow credit growth. Weak Q2 result is affecting the market sentiment.

Conversely, the IT sector outperformed as a contrary bet and in-line Q2 results.

Indian equity indices ended lower for

the third straight session on Thursday as at close, the Sensex was down 494 points

or 0.6 percent at 81,006 and the Nifty was down 221 points or 0.8 percent at

24,749. The BSE midcap and smallcap

indices shed more than 1 percent each.

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Hindusthan Samachar / Nimish kumar