Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended over 0.3 per cent lower on Wednesday weighed by metals and information technology (IT) stocks.
The S&P BSE Sensex slipped 214.18 points (0.37 per cent) to end at 57,338.21. Earlier in the day, the BSE benchmark had surged 366.32 points (0.64 per cent) to hit a fresh record intraday high of 57,918.71.
Likewise, the Nifty 50 fell 55.95 points (0.33 per cent) to settle at 17,076.25. During the intraday trade, the NSE barometer had risen 93.55 points (0.55 per cent) to breach the 17,200 level mark and hit new all-time high of 17,225.75.
Mahindra & Mahindra (M&M), Tata Steel, Bajaj Finserv, Housing Development Finance Corporation (HDFC), Tata Consultancy Services (TCS) and Infosys were among the top losers on Wednesday’s trade while Asian paints, Nestle India, Axis Bank, Dr. Reddy’s Laboratories, Titan Company and Larsen & Toubro (L&T) were the top gainers.
Among the sectoral indices on NSE, the Nifty Metal index fell 1.79 per cent dragged by Tata Steel, Welspun Corp and National Aluminium Company. The Nifty IT index slipped 1.33 per cent weighed by MphasiS, TCS and Infy.
However, the broader market indices on the BSE outperformed their benchmark peer, the S&P BSE MidCap ended at 24,072.58, up 219.15 points (0.92 per cent) while the S&P BSE SmallCap settled at 26,979.89, up 59.95 points (0.22 per cent).
(with inputs from agencies)