 "Equities snap two-day rally in see-saw trade")
Equity benchmarks surrendered early gains to close with modest losses on Wednesday, snapping their two-day winning streak as investors pared exposure to power, information technology, and bank stocks amid mixed trend in global markets.
The rupee plunged to its fresh lifetime low against the dollar, weighed by persistent foreign fund outflows and a spurt in crude oil prices, which also dampened sentiment, said traders.
The 30-share BSE Sensex soared in opening trade, before succumbing to bouts of volatility in the afternoon session. It finally settled 109.94 points, or 0.2 per cent lower, at 54,208.53.
On similar lines, the broader NSE Nifty dipped 19 points, or 0.12 per cent, to finish at 16,240.3.
On similar lines, the broader NSE Nifty dipped 19 points, or 0.12 per cent, to finish at 16,240.3.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%