How the stock market performed on 20 August
Indian equities extended their losing streak on Thursday, 20 August, with sentiment fragile amid persistent selling pressure and elevated crude prices. The Nifty 50 slipped 0.20% to close at 24,240.25, marking its eighth straight decline and inching closer to the key 24,000 level, while the Sensex eased 0.14% to settle at 78,115.80. Despite stronger-than-expected Q1 earnings, the market has struggled to find support, as concerns over inflation, fiscal balances, and potential rate hikes continue to weigh on investor confidence.
