INSUBCONTINENT EXCLUSIVE:
Market breadth favoured declines
Domestic stock markets gave up all of the intraday gains to close
lower on Wednesday amid high volatility
The SP BSE Sensex fell 100.53 points to close at 38,132.88, while the Nifty ended at 11,445.05, down 38.20 points from the previous close
A selloff in energy, pharma and auto stocks dragged the markets to the negative zone in afternoon trade
Earlier in the session, the Sensex had climbed as much as 242.52 points to 38,475.93, and the Nifty hit an intraday high of 11,546.20
Here are 10 things to know:In the Nifty 50 basket of shares, 34 stocks ended lower while 16 advanced.Top laggards on the
50-scrip benchmark index, Nifty, were Hindustan Petroleum, NTPC, Tata Motors, Bharti Airtel and Eicher Motors, closing between 1.67 per cent
volatility on the National Stock Exchange - India VIX - saw a sudden spike as the index jumped 5.69 per cent.Analysts expect more volatility
Selling pressure in heavyweight Reliance Industries, which closed 1.48 per cent lower, weighed on the sectoral index.Thirteen of the 19
sector gauges compiled by the BSE finished lower
The declines were led by the SP BSE Energy and Utilities Indexes which settled 1.01 per cent and 1.08 per cent lower respectively.On the
flipside, the gauge of banking shares on the National Stock Exchange - Nifty Bank - jumped 1.27 per cent to hit a record high of 30,262.55,
SmallCap Indexes ending 0.67 per cent and 0.90 per cent higher respectively.(With agency inputs)Get the latest election news, live updates
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