Market Closing; Sensex falls 456 points; Nifty tanks below 18,300

The stock markets ended Wednesday's trading session with notable losses on account of profit-taking in metals, energy, capital goods and consumer-related stock.

At the closing point, The BSE Sensex slumped 456 points tracking losses in index majors Reliance Industries, Infosys and ICICI Bank as market participants continued to book profits at high levels. The Sensex ended 456.09 points lower at 61,259.96. Similarly, the NSE Nifty dropped 152.15 points to 18,266.60. Titan Company was the top loser in the Sensex pack, falling around 3 %, followed by Hindustan Uni Lever, NTPC, Bajaj Finserv, Laren and Toubro and PowerGrid. On the other hand, Bharti Airtel, SBI, IndusInd Bank, Bajaj Finance and Axis Bank were among the gainers.

In the broader markets, the BSE Midcap index slipped 1.9 per cent at 25,915, and the Smallcap index fell 2.3 percent to 28,879. The overall breath too was fairly negative, with 2,297 declining stocks as against 1,004 advancing shares on the BSE. Among sectors, the BSE Consumer Durables index plummeted 3.3 percent. The Basic Materials, Utilities and Metal indices dropped 2.3-2.5 percent each. The Power and Realty indices were down around 2 percent each, while the FMCG and Industrials declined 1.5 percent. The BSE Telecom index, however, gained 3 percent at 1,797.

 

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