Sensex, Nifty Recover From Lows; End With Losses
The CNX Nifty logo is displayed on a glass wall at the National Stock Exchange (NSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg) 

Sensex, Nifty Recover From Lows; End With Losses

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Closing Bell: Some Recovery Before Close

Indian equity markets ended the session with losses but off the day's low, led by a recovery in banking and FMCG heavyweights.

The S&P BSE Sensex ended 0.6% lower at 34,961 - 300 points off the day's low of 34,662. The NSE Nifty 50 index ended 0.68% lower at 10,312 - nearly 100 points of the day's low of 10,223.

The recovery in the benchmarks was led by heavyweights like HDFC Bank, Kotak Mahindra Bank, Hindustan Unilever and ITC.

Britannia ended as the top gainer on the Nifty, ending 2.1% higher. 38 out of the 50 Nifty constituents ended with losses. Coal India was the top Nifty laggard, ending with losses of 5% post its fourth quarter earnings.

Among sectoral indices, the Nifty Bank index ended 1.1% lower at 21,359, staging a recovery of over 350 points from the day's low of 21,026.

The Nifty FMCG Index outperformed in today's session, ending with gains of 0.8% and was the only sectoral gainer.

The Nifty Realty index ended lower for the fourth straight day and was the top sectoral laggard, down 3.55%. The PSU Bank index was the other sector ending with losses of over 3%.

The Nifty Media and Metal indices fell over 2.5% each while Nifty I.T. and Nifty Auto fell between 1.3-1.5%.

Broader markets underperformed in today's session. The Midcap and Smallcap index ended with losses of 1.6% and 1.4% respectively.

India Volatility Index cooled off from the day's high, ending little changed at 28.82.

Market breadth ended in favour of the declines. 1,156 stocks on the NSE ended with losses while 695 ended with gains.

Heavyweights Aid The Nifty Recovery

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