Stock Market Highlights: Nifty, Sensex Close Lower As ITC, RIL Drag
On the NSE, nine out of the 15 sectors ended in the red, with the Nifty FMCG, Consumption and Auto being the top laggards.
The benchmark equity indices closed lower for the second consecutive session on Wednesday as share prices of ITC Ltd. and Reliance Industries Ltd. dragged the most.
The NSE Nifty 50 closed 73.75 points or 0.3% lower at 24,752.45 and the BSE Sensex ended 239.31 points or 0.29% down at 81,312.32. During the day, the Nifty fell 0.36% to 24,737, while the Sensex dropped 0.38% to 81,244.
"Indian equity markets opened on a flat note at 24,832 and remained range-bound throughout the session. The benchmark index registered an intraday high of 24,864 and a low of 24,737, ultimately consolidating in a narrow band with no clear directional bias," said Sundar Kewat, technical and derivatives analyst, Ashika Institutional Equity
Shares of HDFC Bank Ltd., Bharat Electronics Ltd. and Bajaj Finance Ltd. were the top gainers.
While those of ITC Ltd. and Apollo Hospital Ltd. were among the biggest laggards.
In terms of points contribution, ICICI Bank Ltd. and Bharti Airtel Ltd. were among stocks that led the gains in the index.
ITC Ltd. and Reliance Industries Ltd. dragged the index the most
On the NSE, nine out of the 15 sectors ended in the red, with the Nifty FMCG, Consumption and Auto being the top laggards.
In the broader market, the BSE MidCap and SmallCap outperformed the Sensex, as the MicCap ended 0.27% lower and SmallCap gained 0.48%, respectively.
The market breadth was skewed in favour of buyers, as 1,991 stocks advanced, 1,925 declined and 162 remained unchanged on the BSE.
