NEW DELHI: Markets snapped five-day winning run on Wednesday with the benchmark BSE sensex falling over 300 points dragged by financial and IT stocks.
The 30-share BSE index dropped 346 points or 0.94 per cent to close at 36,329. While, the broader NSE Nifty finished 94 points or 0.87 per cent lower at 10,706.
Bajaj Finance, Asian Paints, Bajaj FinServ, HCL Tech, Maruti and Infosys were the major laggards in the sensex pack, falling up to 4.45 per cent.
While IndusInd Bank, SBI, Hindustan Unilever, Tata Steel and ITC were the top gainers rising as much as 5.06 per cent.
On the NSE platform, sub-indices Nifty Realty, Auto and IT fell up to 1.95 per cent.
“There is a tug between worries over the virus and its impact on the economy, and the liquidity push that is creating a support in the market,” Mayuresh Joshi, head of equity research at William O’Neil & Co in India told news agency Reuters.
On the currency front, the rupee depreciated 9 paise to settle at 75.02 (provisional) against the US dollar tracking volatile domestic equities, rising crude oil prices and strengthening American currency.
Meanwhile, foreign institutional investors were net buyers in the capital market on Tuesday, purchasing equities worth Rs 829.90 crore, provisional exchange data showed.
(With agency inputs)