Domestic stock markets took breather on Wednesday after scaling record highs in the previous session, as losses in banking and financial services stocks outweighed gains in automobile and metal shares. The S&P BSE Sensex index slumped 485.47 points - or 1.09 per cent - to 44,169.97 at the weakest level recorded during the session, and the broader NSE Nifty 50 benchmark dropped to as low as 12,983.55, down 125.5 points - or 0.96 per cent - from its previous close. However, the markets recovered most of those losses by the end of the session. Analysts awaited the RBI Governor-led Monetary Policy Committee's review statement due later this week for near-term cues.
Both indices had gained more than 1 per cent on Tuesday, after a sharp rally in November on hopes for a coronavirus vaccine. (Stocks To Watch)
