The Nifty extended its decline to a seventh straight session, its longest losing streak since February 2023, as IT and energy stocks faced sharp sell-offs. The Sensex also endured a volatile day, fluctuating by 900 points. Market sentiment remained subdued, weighed down by worries over a potential slowdown in US Fed rate cuts, underwhelming Q2 earnings, sustained foreign outflows, and elevated valuations, leaving investors on edge.

At close, the Sensex was down 241 points or 0.3 percent at 77,339, and the Nifty was down 79 points at 23,454. About 1,560 shares advanced, 2,361 shares declined, and 124 shares remained unchanged.

Among sectors, IT, healthcare, and energy shed 0.8-2.3 percent, while metal, banking, and auto rose 0.4-2 percent.

BPCL, TCS, Infosys, Trent, and Dr Reddy's Labs were the biggest losers on the Nifty 50 index, falling 2.5-3 percent. Meanwhile, Hindalco, Hero MotoCorp, Tata Steel, HUL, and M&M were the top gainers, rising 1.5-4 percent.

In the broader market, the BSE Midcap index fell 0.2 percent and the BSE Smallcap index was down by 0.7 percent.

Stocks such as Banco Products, DCM Shriram, Garware HiTech, Hikal, JSW Holdings, Orient Tech, RCI Industries, Sasken Tech, Themis Medicare, Timex Group, touched their 52-week high on the BSE. 

On the other hand, Bajaj Housing, Birla Corp, CreditAccess Grameen, Delhivery, Hyundai Motor, Indraprastha Gas, IndusInd Bank, JK Lakshmi Cement, Nestle, Raymond, Tata Tech, Tata Elxsi, Vodafone Idea hit their 52-week low on the BSE.