 "Sensex, Nifty extend losses for second straight session in choppy trade")
The Sensex and Nifty nursed losses for the second straight session on Wednesday, pressured by steep declines in IT, FMCG and pharma counters amid a mixed trend overseas.
High crude oil prices, lacklustre macroeconomic data and foreign fund outflows also played spoilsport. The 30-share BSE Sensex declined 185.24 points or 0.33 per cent to settle at 55,381.17 in a see-saw session.
On similar lines, the broader NSE Nifty dipped 61.80 points or 0.37 per cent to finish at 16,522.75.
Also Read
Nestle India was the top loser among the Sensex components, skidding 2.99 per cent, followed by Tech Mahindra, Bajaj Finserv, Sun Pharma, HCL Tech, HUL, PowerGrid and UltraTech Cement. In contrast, M&M topped the winners' chart, climbing 1.32 per cent, after the homegrown auto major posted a multi-fold jump in total sales in May.
HDFC rose 0.94 per cent after the mortgage lender announced a 5 basis points (bps) increase in its benchmark lending rate. Kotak Mahindra Bank, Tata Steel, HDFC Bank, ITC and NTPC were among the other gainers.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →Subscribe to Business Standard digital and get complimentary access to The New York Times
Quarterly Starter
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Save 46%
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%