Sensex snaps 5-day winning run, dips 335pts; Vi jumps 20%, Adani Ports 8.5%

CLOSING BELL

Stock market highlights: Weak global cues, coupled with profit booking in metal and financial stocks, weighed on the benchmark indices, forcing them to snap their 5-day winning streak. The S&P BSE Sensex settled 335 points, or 0.55 per cent, lower at 60,507 levels, while the Nifty50 closed at 17,765, losing 89 points or 0.5 per cent. 

Divis Labs, JSW Steel, Hindalco, Tata Steel, Kotak Bank, Eicher Motors, Infosys, Adani Enterprises, HDFC Life, ICICI Bank, M&M, Ultratech Cement, Tata Motors, and RIL were the top large-cap laggards, down up to 3.6 per cent on the National Stock Exchange (NSE). On the contrary, Adani Ports, IndusInd Bank, BPCL, Power Grid, Cipla, ITC, Hero MotoCorp, Bajaj Finance, and Apollo Hospitals were the lead winners, up between 1 per cent and 8.45 per cent. 

Meanwhile, the broader markets outran their frontline peers as the BSE MidCap and SmallCap indices advanced 0.75 per cent and 0.49 per cent, respectively.

Among sectors, the Nifty Metal index fell 2.2 per cent, followed by the Nifty IT index (down 0.6 per cent), and the Nifty Bank index (down 0.3 per cent).