New Delhi, July 25 -- For the second day in a row, the Indian equity market, amid sustained selling pressure from the Foreign Institutional Investors (FIIs), slipped deep into the red. The Nifty50 index closed at its lowest level in over a month. At close, the Nifty 50 was at 24,837, down 225.10 points or 0.90%, while the Sensex closed at the levels of 81,463.09, down by 721.08 points or 0.88%.
All the major sectoral indices, barring pharma and healthcare, ended in red. The Nifty media index led the losses sinking over 2.5 percent, while Nifty IT, Metal, PSU Banks, Auto and Realty indices were also down by nearly 1% each.
Experts suggest that the primary reason for the fall is the continuous selling pressure by the Foreign Institutional I...