BSE, Motilal Oswal, MCX other capital market stocks extend losses as market downturn spooks retail investors

BSE, Motilal Oswal, MCX, and other capital market stocks extend losses as market downturn spooks retail investors

Capital market stocks including BSE, Motilal Oswal, and MCX continued their downward slide on Thursday as retail investors turned cautious amid a broader market downturn. The Nifty Capital Markets index slumped 3.6 percent to 3,223.55, extending its weekly loss to over 5 percent.

The benchmark Nifty50 is on track for a five-month losing streak, its longest since 1996, dragging both key indices to their lowest levels in eight months. Weak corporate earnings, persistent foreign outflows, and global economic uncertainties have dented investor confidence, pulling the market sharply from record highs seen just four months ago.

Angel One shares dropped 3.3 percent to Rs 2,140, extending their four-day losing streak to a cumulative 9.78 percent. Central Depository Services Limited (CDSL) declined over 2 percent to Rs 1,173, while Bombay Stock Exchange (BSE) tumbled 6.36 percent to Rs 5,151.70 per share.

Other financial stocks also faced selling pressure. Motilal Oswal Financial Services and KFin Technologies fell between 3-5 percent, while MCX shed 2.5 percent. Shares of Aditya Birla Sun Life AMC, HDFC AMC, and CAMS also traded in the red, down 1.5 percent, 3 percent, and 2 percent, respectively.

Nifty set for worst monthly losing streak in 28 years as outflows, earnings and growth weigh

"In FY25 so far, foreign institutional investors (FIIs) have sold equities worth Rs 3,87,976 crore in the cash market. Interestingly, domestic institutional investors (DIIs) have offset this by purchasing stocks worth Rs 5,55,519 crore. Despite this, market sentiment remains weak," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Historically, Nifty has only recorded a five-month losing streak twice before – in 1996 and between July-November 1996. Four-month downturns were seen in 1998 and 2001, while the longest losing streak on record remains eight straight months from September 1994 to April 1995.

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