Stock markets settled in the negative zone on Wednesday after hitting record highs in the intra-day trade, due to profit taking in the recent outperformers. A surge in crude oil also spoiled the sentiment to an extent.
The BSE benchmark Sensex indeed shed 180 pts or 0.46%to settle at 38,877. Reliance, L&T, SBI and ICICI Bank contributed the most to the index’s decline.
The Nifty50 NSE ended at 11,644, down 69 points with all the sectoral indices ended in the red, with PSU banks being the biggest hit, followed by media & pharma stocks.
Bank Nifty index closed 0.86% lower as across the board selling pressure was witnessed in PNB and RBL bank
Nifty Gainers & Losers: Indiabulls (+3.51%), Maruti Suzuki (+2.92%), Bajaj Finserve (+1.72%). Losers: BPCL (-4.60%), Zee Ent (-3.90%).