Markets End 3 Day Winning Streak; Sensex Dips 117 Points

Equity benchmark indices Sensex and Nifty fell on Wednesday, following three days of rally, pulled by selling pressure at HDFC Bank and continued foreign fund outflows.

The 30-share BSE Sensex sank 117.58 points, or 0.16 percent, to 73,243.14. During the day, it fell 281.95 points or 0.38 percent to 72,822.66.

The NSE Nifty dropped 17.30 points, or 0.07 percent to 22,278.55.

Colgate-Palmolive, ICICI Prudential, Bosch, Berger Paints, ICICI Lombard, Asain Paints, Tata Motors, Bajaj Auto, Eicher Motors, Cholamandalam Invest, and TVS Motor Company were the top laggards.

Among the gainers were Siemens, LIC, Coal India, Cipla, Interglobe Aviation, Power Finance Corp, BPCL, Adani Green Energy, HAL, Zomato, Bharti Airtel, and Adani Power.

In Asian markets, Tokyo, Indonesia, and Taiwan concluded in green, while Singapore, Shanghai, Thailand, and Malaysia ended in red. South Korea and Hong Kong’s markets were closed for a holiday.

US markets concluded with gains on Tuesday.

European stocks were trading in positive territory.

Brent crude gained 0.21 percent to USD 82.55 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 4,065.52 crore on Tuesday.

On Tuesday, the Sensex surged 328.48 points or 0.45 percent to 73,104.61, while the Nifty moved 113.80 points, or 0.51 percent, to 22,217.85.

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