Closing Bell: Sensex, Nifty end negative for 2nd day; metals, financial stocks drag most

The Indian stock market on Wednesday ended in negative for the second straight session. Sensex slipped around 75 points and Nifty50 ends around 18000-mark for the third day today at the market close. The decline was led by metal and financial stocks.

The BSE Sensex declined marginally 75 points or 0.12 per cent to 60,357, while Nifty50 slipped marginally 35 points or 0.2 per cent to 18,008.8 levels at the market close. Even broader markets fell along with benchmarks, as mid-cap down nearly 0.5 per cent and small-cap dipped 0.09 per cent.

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As many as 24 stocks closed in the green and 26 in the red on the Nifty50. IndusInd Bank dragged the market most by falling around 3.5 per cent, followed by metal stocks such as Hindalco, Tata Steel, and JSW Steel along with Coal India each down between 2-3.5 per cent at the close.

On the contrary, UPL surged most at the market close by 3.5 per cent, followed by Bharti Airtel and Mahindra and Mahindra each up over 3 per cent at the market close. While Britannia and Sun Pharma each closed over 2 and 1 per cent respectively at the close.

Except for auto and pharma indices, almost all sectors ended in the red, with Nifty Metal slipping around 2 per cent, followed by realty and banking stocks. While Auto sector gained 0.5 per cent and Pharma up marginally 0.23 per cent at the market close on Wednesday.

FSN E-Commerce Ventures-backed Nykaa made a stupendous listing of over 80 per cent higher premium from the issue price of Rs 1125 per share. Moreover, it’s the last day today to bid for the intial public offering of One-97 Communications-backed Paytm.