Indices end lower for second consecutive session amid selloff

The Sensex was down 55.47 points or 0.07 percentat 79,486.32, and the Nifty was down 51.15 points or 0.21 percentat 24,148.20

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Benchmark indices ended lower for the second consecutive session on November 8 with Nifty below 24,150.

At close, the Sensex was down 55.47 points or 0.07 percent at 79,486.32, and the Nifty was down 51.15 points or 0.21 percent at 24,148.20.

Equities ignored positive global markets after the US Federal Reserve cut its benchmark lending rate by a quarter percentage point.

The BSE midcap index shed 1 per cent and smallcap index was down 1.6 per cent.

Sharp selloff was seen in major large-cap stocks, These included Reliance Industries, ICICI Bank, State Bank of India, and Trent, weighed heavily on the frontline indices, causing them to end the session in the red.