Photo Credit: BQ Prime
Sensex and Nifty declined for fifth straight session as banking, financial stocks drag.
The NSE Nifty 50 ended 71 points lower, or 0.42%, at 16,972.15, while the S&P BSE Sensex closed 344 points down, or 0.59%, at 57,555.90.
Photo Credit: Reuters
Larsen and Toubro Ltd., Asian Paints Ltd, Adani Enterprises Ltd., Kotak Mahindra Bank Ltd., and Adani Ports and Special Economic Zone Ltd. contributed to the gains.
Disclaimer: Adani Enterprises is in the process of acquiring a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.
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Reliance Industries Ltd., HDFC Bank Ltd., HDFC Ltd., Bharti Airtel Ltd., and Hindustan Unilever Ltd., weighed down the NSE Nifty 50.
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The market breadth was skewed in favour of sellers. About 1,557 stocks rose, 1,963 declined, and 123 remained unchanged on the BSE.
Photo Credit: Freepik