India's stock benchmarks slipped in the final hour to close at an intraday low, snapping a seven-day winning streak, dragged by FMCG and banking stocks. The decline comes close behind the best ceremonial Muhurat trading session in 14 years on Monday.
The Sensex fell 0.48% or 288 points to close at 59,543.96 on the BSE, while the Nifty 50 also declined by similar a magnitude to end at 17,656.35 on the NSE. Among the Nifty 50 constituents, 20 stocks advanced, one remained unchanged while 29 declined.
Tech Mahindra Ltd., Maruti Suzuki India Ltd., JSW Steel Ltd., Larsen & Toubro Ltd. and Eicher Motors Ltd. were the top gainers, while Nestle India Ltd., Hindustan Unilever Ltd., Kotak Mahindra Bank Ltd., Bajaj Finserv LTd. and Britannia Industries Ltd. declined most among index constituents.
The broader indices outperformed their larger peers with mid cap jumping over 0.45% and the small-cap gauge slipping 0.35%. Ten of the 19 sectoral indices compiled by BSE Ltd. declined with FMCG index losing over 1%.
The market breadth was skewed in favour of the bears. About 1,442 stocks rose, 1,976 fell and 111 remained unchanged.
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