Sensex, Nifty Decline For Second Day; PSU Banks Continue Outperformance
A television screen displays a news report about the coronavirus outbreak as a trader monitors financial data on computer screens on a trading floor. (Photographer: Chris J. Ratcliffe/Bloomberg)

Sensex, Nifty Decline For Second Day; PSU Banks Continue Outperformance

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Second Day Of Losses

Indian equities ended lower for the second day in a row as technology names and drugmakers continued to underperform.

The S&P BSE Sensex ended 0.8% lower at 51,703 while the NSE Nifty 50 index held on to its support zone of 15,200 to end at 15,208, down 0.7%.

Among the sectoral indices, PSU Banks continued their outperformance for the fourth day in a row, led by the four top movers of Tuesday itself. The PSU Bank index ended 5.9% higher at their highest level in 13 months.

Jagran Group stocks were the top performers on the Nifty Media index in today's session. The index ended with gains of 2.2%.

The Nifty Pharma index was the top sectoral laggard in today's session, ending 1.7% lower while the Nifty I.T. index declined 1.3% and was among the other sectoral laggards.

Broader markets were little changed. The Midcap index ended 0.3% higher while the Small cap index ended flat.

The India Volatility Index ended 1.3% lower at 21.5.

922 stocks on the NSE gained in today's session while 977 stocks ended with losses.

How Did The Sectoral Indices Fare

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