Sensex, Nifty End Off Day’s Low; RIL, Pharma, Metals Lead Recovery
Closing Bell: Recovery From Day's Low
Indian equity markets recovered from the day's low but ended lower for the second straight day.
The S&P BSE Sensex ended 0.45% lower at 38,193 while the NSE Nifty 50 index ended 0.35% lower at 11,278. The recovery was led by the heavyweight Reliance Industries along with Metal and Pharma stocks.
Among the sectoral indices, the Nifty Bank ended over 450 points or 2.1% lower and were among the top sectoral laggards along with the PSU bank index which ended with losses of 2.9%.
Pharma stocks were the top sectoral gainer, ending 1.9% higher while the Media index ended with gains of 1.2%.
Broader markets ended lower as well. The midcap index ended 0.5% lower while the Smallcap index ended 1.5% lower.
The India Volatility Index ended 2.9% lower at 22.
Market breadth was adverse, with 557 stocks on the NSE ending with gains while 1,276 stocks ending with losses.