Stock Market Closing Bell: Nifty near 16,200, Sensex dips more than 100 points; Realty, PSU Bank stocks worst hit

After a positive opening and trading higher during most part of the Wednesday's session, the Indian market ended marginally lower today. Benchmarks closed near their day's lows as Nifty50 closed above 16, 200 and the Sensex near 54,200. The two indices ended at 16,240.30 and 54,208.53 as market halted two-day rally.  

In the broader market, Nifty midcap and small cap slipped in the red as profit taking hit the broader market after strong rebound on Tuesday. India VIX (Volatility Index) closed above 22-mark.  

Tata Consumer, which gained nearly 3%, was the top performer on bluechip 50-share index, while Hindustan Unilver led the Sensex pack. The FMCG stock closed with nearly 2% gains on the 30-share index.  

Besides, Cipla, Shree Cements, Adani Ports, UltraTech Cement, Asian Paints, Axis Bank and Sun Pharma were other top gainers.  

PowerGrid, which declined over 4%, dropped the most on the two indices. BPCL, Tata Motors, Tech Mahindra, Apollo Hospitals, State Bank of India, Bharti Airtel, L&T and Bajaj Finserv were top top laggards.  

FMCG, Pharma and Helathcare stocks witnessed some buying interest as almost all other sectors ended in the red.