Closing Bell: Sensex, Nifty end in the red after hitting record high in 2 previous sessions
Indian shares ended mildly lower on Wednesday, after hitting record highs in two previous sessions, as major banking heavyweights including IndusInd Bank, SBI, and HDFC Bank fell during the day. Investors also turned cautious ahead of the signing of an initial trade deal. US markets dipped overnight while broader Asian markets also slipped on Wednesday on concerns that the tariff dispute is not over.
The Sensex settled 80 points lower at 41,873, while Nifty ended 19 points lower at 12,343. Meanwhile, broader markets outperformed with Nifty Midcap and Nifty Smallcap indices up 1 percent each. Among stocks, Yes Bank, Hero MotoCorp, Tata Motors, Titan, and GAIL were the top gainers on Nifty, while IndusInd Bank, Wipro, SBI, Infosys, and BPCL led the losses.
Sectoral indices were mixed for the day. Nifty Realty and Nifty Auto rose the most, up 1.1 percent, while Nifty Media and Nifty Metal rose 0.7 percent each for the day. Nifty Pharma also advanced 0.6 percent and Nifty FMCG added 0.1 percent. Meanwhile, Nifty Bank declined 0.8 percent and Nifty IT fell 0.1 percent.