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Stock Market Highlights: Equity benchmark indices traded with a negative bias on Wednesday dragged by persistent selling pressure in metal and select IT stocks.
The S&P BSE Sensex touched a low of 63,550, and finally ended 284 points lower at 63,591. The NSE Nifty 50, once again, slipped below the 19,000-mark, as it settled with a loss of 90 points.
Asian Paints and Tata Steel were the major laggards on the Sensex, down over 2 per cent each. Maruti, JSW Steel, HCL Technologies, TCS, NTPC, Nestle, Axis Bank, Larsen & Toubro and Infosys were the other prominent losers, down over a per cent each.
On the positive front, Sun Pharma gained 2.7 per cent post its Q2 results. ITC, Bajaj Finserv, Reliance and SBI finished with modest gains.
In the broader market, the BSE MidCap index declined in tandem with the benchmark and was down 0.4 per cent. The SmallCap index, however, was down merely 0.1 per cent.
Among sectors, the BSE Metal index shed 1.5 per cent. IT and Power indices were the other major losers, while the Realty index jumped 1.5 per cent.
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