Sensex, Nifty Snap Three-Day Record-Breaking Streak On Profit Booking

The Indian share benchmarks snapped their 3-day record-breaking streak on Wednesday as investors booked profit by selling stocks. At close, the BSE Sensex declined 214 points to close at 57,338 and Nifty 50 index declined 56 points to settle at 17,076. HDFC, Infosys, Tata Consultancy Services, Tata Steel, Mahindra & Mahindra and HDFC Bank were among the top drags on the Sensex.

10 of 15 sector gauges SET by the NSE ended higher led by the S&P BSE Realty index's over 5 percent gain. Nifty Consumer Durables, PSU Bank, Bank, Private Bank and Media indexes also rose between 0.5-2 percent. Conversely, Nifty Information Technology, Metal and Pharma indices ended lower. Mid-Cap and small-cap shares seen buying interest as Nifty Midcap 100 index rose 0.75 percent and the Nifty Smallcap 100 index advanced 0.3 percent.

Mahindra & Mahindra was tip Nifty loser, followed by Cipla, Tata Steel, Hindalco, Bajaj Finserv, Tata Consultancy Services, HDFC, Infosys, JSW Steel, HCL Technologies, Grasim Industries and Tech Mahindra also fell upto 2.7 percent. On the other hand, Asian Paints, Tata Motors, SBI Life, Nestle India, Axis Bank, Titan, Dr. Reddy's Labs, Bharat Petroleum, UPL and Larsen & Toubro were among the gainers on the Nifty pack of stocks.

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