neutral
Indian equities slip amid profit-booking in bank and IT shares
Indian benchmark indices edged lower on Wednesday as traders booked profits in banking and technology counters after a recent rally. The Nifty 50 fell 0.42 % to 24,182, while the Sensex lost 278 points to 79,686. HDFC Bank, Infosys, and ICICI Bank were top drags, offset partly by gains in auto and energy stocks. Analysts said investors locked in gains ahead of corporate-earnings releases and U.S. inflation data. Market breadth stayed negative with mid-caps underperforming. Foreign portfolio investors turned marginal sellers after five consecutive sessions of net buying.
neutral
Indian equities slip amid profit-booking in bank and IT shares
Indian benchmark indices edged lower on Wednesday as traders booked profits in banking and technology counters after a recent rally. The Nifty 50 fell 0.42 % to 24,182, while the Sensex lost 278 points to 79,686. HDFC Bank, Infosys, and ICICI Bank were top drags, offset partly by gains in auto and energy stocks. Analysts said investors locked in gains ahead of corporate-earnings releases and U.S. inflation data. Market breadth stayed negative with mid-caps underperforming. Foreign portfolio investors turned marginal sellers after five consecutive sessions of net buying.
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Nifty and Sensex fell as profit-booking hit banks and IT; FPIs turned net sellers ahead of U.S. data and earnings.
Indian benchmark indices edged lower on Wednesday as traders booked profits in banking and technology counters after a recent rally. The Nifty 50 fell 0.42 % to 24,182, while the Sensex lost 278 points to 79,686. HDFC Bank, Infosys, and ICICI Bank were top drags, offset partly by gains in auto and energy stocks. Analysts said investors locked in gains ahead of corporate-earnings releases and U.S. inflation data. Market breadth stayed negative with mid-caps underperforming. Foreign portfolio investors turned marginal sellers after five consecutive sessions of net buying.
Indian benchmark indices edged lower on Wednesday as traders booked profits in banking and technology counters after a recent rally. The Nifty 50 fell 0.42 % to 24,182, while the Sensex lost 278 points to 79,686. HDFC Bank, Infosys, and ICICI Bank were top drags, offset partly by gains in auto and energy stocks. Analysts said investors locked in gains ahead of corporate-earnings releases and U.S. inflation data. Market breadth stayed negative with mid-caps underperforming. Foreign portfolio investors turned marginal sellers after five consecutive sessions of net buying.
Companies:
HDFC Bank
Infosys
ICICI Bank
Tags:
stocks
markets
stocks
markets
india
nifty
sensex