Sensex, Nifty End With Losses; Reliance Industries Falls 4%
Closing Bell: Back To Square One
Indian equity markets reversed most of Tuesday's gains ending near the lowest point of the day, dragged lower by heavyweight Reliance Industries (down 4%).
The S&P BSE Sensex ended 1.1% lower at 38,071 while the Nifty ended above the 11,200 mark, down 0.86% at 11,202. Both benchmark indices are back to being flat for the week.
Among sectoral indices, the auto index was the major laggard, ending 1.2% lower. The I.T. index snapped a three-day gaining streak, ending 0.9% lower.
The Pharma index outperformed in today's trade, led by gains in Dr. Reddy's Laboratories (up 6.3%). The index ended 3.1% higher.
The PSU Bank index was the other sectoral gainer, ending 1.5% higher but off the day's high.
Broader markets were mixed in today's session. The Nifty Midcap index ended 0.5% higher while the smallcap index ended little changed.
Market breadth ended in favour of the gainers. 1,000 stocks on the NSE ended with gains while 800 declined.