Benchmark indices BSE Sensex and Nifty 50 dropped nearly 1% on Wednesday, ending their three-session winning run, as heavy selling in IT stocks and rising crude oil prices weighed on market sentiment.
The 30-share benchmark index ended at 78516.49 down by -756.84 points or by -0.95 % and then NSE Nifty was at 24378.1 down by -198.5 points or by -0.81 %.
Sensex touched intraday high of 79031.03 and intraday low of 78442.3 The NSE Nifty touched intraday high of 24515.95 and intraday low of 24352.9
The top gainers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 2368.70,+2.75%), NTPC Ltd. (Rs. 405.55,+2.39%), Eternal Ltd. (Rs. 262.95,+1.39%), UltraTech Cement Ltd. (Rs. 12195.00,+1.35%), Trent Ltd. (Rs. 4435.60,+0.96%), among others.
The top losers of the BSE Sensex pack were HCL Technologies Ltd. (Rs. 1285.20,-10.85%), Infosys Ltd. (Rs. 1268.45,-3.40%), Mahindra & Mahindra Ltd. (Rs. 3150.10,-2.99%), Tata Consultancy Services Ltd. (Rs. 2537.55,-2.80%), Mahindra & Mahindra Ltd. (Rs. 1462.85,-2.50%), among others.
Power index was at 8067.51 up by 155.74 points or by 1.97%. Reliance Power Ltd. (Rs. 30.23,+6.59%), Adani Power Ltd. (Rs. 215.45,+6.11%), ABB India Ltd. (Rs. 7586.95,+4.58%), Adani Green Energy Ltd. (Rs. 1197.90,+4.13%), Siemens Ltd. (Rs. 3845.10,+3.39%),.
IT index was at 29511.62 down by -1122.54 points or by -3.66%. HCL Technologies Ltd. (Rs. 1285.20,-10.85%), GNG Electronics Ltd. (Rs. 373.75,-9.95%), Hexaware Technologies Ltd. (Rs. 456.45,-6.98%), Tata Elxsi Ltd. (Rs. 4362.65,-6.19%), Persistent Systems Ltd. (Rs. 5073.85,-4.90%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4639 , shares advanced were 2530 while 1940 shares declined and 169 were unchanged.