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NEW DELHI: Equity index ended in red on Wednesday with benchmark BSE SENSEX Banking and financial stocks fell by 550 points.
After a volatile session, the 30-share BSE index fell 561 points or 1.58 percent to end at 34,869; While the broader NSE Nifty lost 166 points or 1.58 percent at 10,305.
ICICI Bank, IndusInd Bank, Power Grid, Axis Bank, SBI and Bharti Airtel topped the Sensex with their shares falling 6.99 per cent.
While shares of Asian Paints, ITC, Nestle India and Reliance gained the most to 3.82 per cent.
On the NSE platform, Nifty private banks, banks, financial services and media sub-indexes fell by 4.01 per cent.
After opening on a positive note, the index gained during the day amid heavy selling in financial stocks.
On the currency front, the rupee erased its initial gains and temporarily lowered 6 paise to 75.72 against the US dollar, tracking volatile domestic equities among the stronger US dollar.
Meanwhile, on a net basis, foreign institutional investors bought equity worth Rs 168.96 crore in the capital market on Tuesday, the provisional exchange showed.
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