No breather for stock markets as US bank crisis weighs on sentiment

Sensex, Nifty fall for 4th day to hit fresh five-month lows

Equity indices fell for the fourth consecutive session as contagion fears after the failure of three US lenders continued to rattle investors. Both Sensex and Nifty hit fresh five-month lows.

The Sensex ended the session at 57,900, following a decline of 338 points, or 0.6 per cent; the Nifty50 finished at 17,043, down 111 points, or 0.7 per cent. Both indices are down more than 4 per cent in the past four trading sessions to their lowest levels since October 13, 2022. 

The Nifty50, having slipped more than 9.4 per cent from its all-time high of 18,813 on December 1,