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Sensex, Nifty Give Up Half Of Tuesday’s Gain Courtesy HDFC Twins, I.T.

Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.  

People look up at a screen and an electronic ticker board outside the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
People look up at a screen and an electronic ticker board outside the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Two-Day Rally Ends

Indian equities snapped a two-day losing streak amid weak global cues, giving up half of the gains made on Tuesday in the process.

The S&P BSE Sensex ended 1.2% lower at 49,509 while the NSE Nifty 50 declined 1% to close at 14,690. Losses on the benchmark indices were led by the HDFC twins. Both HDFC and HDFC Bank ended with losses of 4% each in today's session. Both these stocks contributed to 105 out of the 157 point-drop on the Nifty in today's session.

The losses in HDFC Bank also impacted the Nifty Bank index, which ended 1.7% or 570 points lower to end at 33,303. The Nifty I.T. index was the other major sectoral laggard, ending 1% lower.

The Nifty Realty index was the top sectoral gainer in today's session, ending 1.7% higher. Among the other sectoral gainers in today's session were the PSU Bank index which gained 1.3% while the FMCG index gained 1% at the close of trade.

Broader markets outperformed in today's trading session. The Nifty Midcap and Nifty Smallcap index ended with gains of 0.4% each.

The India Volatility Index rose 0.8% to end at 20.65.

900 stocks on the NSE ended with gains while 990 stocks posted losses.

How Did The Sectoral Indices Fare