Photo Credit: Vijay Sartape/BQ Prime
Here's how the markets fared on Wednesday.
The NSE Nifty 50 closed down 338.00 points, or 1.51% at 21,997.70—ending below the 22,000 level for the first time in March. The S&P BSE Sensex was 906.07 points, or 1.23% lower at 72,761.89.
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Shares of Bajaj Finance Ltd., Cipla Ltd., ITC Ltd., ICICI Bank Ltd., and Kotak Mahindra Bank Ltd. cushioned the fall.
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Shares of Bharti Airtel Ltd., NTPC Ltd., Larsen & Toubro Ltd., Power Grid Corp. Of India, and Reliance Industries Ltd. dragged the indices.
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Market breadth was skewed in favour of sellers. Around 3,512 stocks declined, 404 stocks advanced, and 60 remained unchanged on the BSE.
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