Closing Bell: Markets snap two days winning streak; Sensex slips, Nifty above 17,200 – Eicher, Bajaj Auto top gainers

The Indian markets snapped two days winning streak to eventually end negative with minor cuts, as Sensex slipped almost 100 points and Nifty50 retained sentimental level of 17200. The decline was mainly led by metal and banking indices at the market close. 

The BSE Sensex closed 91 points or 0.16 per cent lower to 57806, while the Nifty50 was down 20 points or 0.11 per cent to 17213 at the market close. On the contrary, the broader markets closed higher with mid-cap up marginally 0.08 per cent and small-cap up 0.13 per cent at the market close. 

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Dragging the benchmark most, the Nifty Bank slipped by over 138 points or 0.39 per cent to 35045, dragged by private lenders such as Axis Bank and HDFC Bank. 

As many as 19 stocks closed in the green, while 31 ended in the red on the Nifty50. Auto stocks such as Eicher Motor and Bajaj Auto jumped most by around 3.5 and 3 per cent respectively, followed by Sun Pharma up over 2 per cent, while Divis Lab, IndusInd Bank, Dr Reddy each up over 1.5 per cent. 

On the other hand, SBI declined most by nearly 2 per cent, followed by Coal India, ITC each up over 1.5 per cent and NTPC, Axis Bank, Grasim, Tata Motors, Kotak Bank, Tech Mahindra and Tata Steel each slipped by over 1 per cent at the market close.