Equity benchmarks surrendered early gains to close with losses on Wednesday, snapping their four-day winning streak as investors pared exposure to telecom, realty and tech stocks amid a mixed trend in global markets.
Investors were also cautious ahead of the US Federal Reserve’s meeting on interest rates, while a depreciating rupee further weighed on sentiment, traders said.
After a positive beginning, the 30-share BSE Sensex failed to hold on to the gains and ended 215.26 points or 0.35 per cent lower at 60,906.09. During the day, it slipped 326.96 points or 0.53 per cent to 60,794.39.
Similarly, the broader NSE Nifty fell 62.55 points or 0.34 per cent to settle at 18,082.85.
Bharti Airtel was the top gainer among the Sensex constituents, spurting 3.05 per cent, followed by Maruti, Hindustan Unilever, Infosys, HCL Technologies, IndusInd Bank and Titan.
On the other hand, Sun Pharma, ITC, Tech Mahindra, Dr Reddy’s and Reliance Industries were among the gainers.
“With the Federal
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