Sensex falls eight straight day, Longest losing streak in 6 years
Despite a rally in global market,tension along the border dampened sentiment
The benchmark Sensex ended with losses for an eight straight trading session-its longest losing streak since August 2013.
The sensex ended 310 points,or 0.87 percent lower at 35498.44,while the Nifty 50 index fell 0.8 per cent,or 83 points,to 10,641.
A total of about 1393 (National Stock Exchange) listed stocks were traded on both February 14,2018 and February 14,2019.Out of these 87 of the stock were trading lower in February 2019, year on year.
About 25 percent of those stock were at six year lows,trading below their 2014 prices.
This is a classic bear market signal. Because the NSE Small cap 100 is down by 32 percent the NSE Midcap 100 is down 19 per cent and the Nifty 50 is down 14 per cent.
Year-on-year the Nifty50 is up 2.4 per cent but out of these 17 stocks have seen capital gain.The weighted nature of the nifty has kept it out of the red.