Sensex, Nifty Snap Two-Day Record-Breaking Streak Weighed Down By Banks

Five of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Private Bank index's 0.85 per cent fall.

Sensex, Nifty Snap Two-Day Record-Breaking Streak Weighed Down By Banks

Mid- and small-cap shares outperformed their larger peers.

The S&P BSE Sensex and NSE Nifty 50 indexes snapped their two-day record breaking spree weighed down by losses in banking shares. For most part of the day, benchmarks traded lower but staged a mild recovery in the last 30 minutes of trade. At the day's lowest level, the Sensex fell as much as 305 points and the NSE Nifty 50 index briefly dropped below its symbolically important level of 12,300.

The Sensex ended 80 points or 0.19 per cent lower at 41,873 and the Nifty 50 index declined 19 points or 0.15 per cent to settle at 12,343.

Five of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Private Bank index's 0.85 per cent fall.

Nifty Bank and Nifty IT indexes also fell 0.74 and 0.21 per cent each respectively.

On the other hand, Nifty Auto index was top gainer, up 1.14 per cent.

Mid- and small-cap shares outperformed their larger peers as the Nifty Midcap 100 and Nifty Smallcap 100 indexes rose over 1 per cent each.

IndusInd Bank was top loser in the Nifty 50 basket of shares, the stock fell 5.6 per cent to Rs 1,399. Wipro, State Bank of India, Infosys, Bharat Petroleum, Dr Reddy's Labs, Indian Oil, Tech Mahindra and ITC were also among the losers.

On the flipside, Yes Bank, Hero MotoCorp, Tata Motors, GAIL India, Titan, Maruti Suzuki, Mahindra, Zee Entertainment and Asian Paints were among the gainers.

The overall market breadth was positive as 1,484 shares ended higher while 1,045 shares closed lower.

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