Sensex, Nifty Snap 4-Day Record-Breaking Streak; ICICI Bank, HDFC Top Drags

The equity benchmarks airtight their four-day record-breaking band on Wednesday as traders appointed profits at almanac highs amidst account accomplishment of basis futures and advantage affairs a day advanced of bazaar holiday. The Sensex fell as abundant as 604 credibility from a almanac aerial of 56,118.57 and Nifty 50 basis antipodal administration afterwards hitting a almanac aerial of 16,701.85. ICICI Bank, HDFC, Kotak Mahindra Bank, Infosys, Ability Grid, Larsen & Toubro and Bharti Airtel were amid the top drags on the Sensex.

The Sensex concluded 163 credibility lower at 55,629 and Nifty 50 basis beneath 46 credibility to abutting at 16,569.

"Nifty witnessed alteration from an intraday aerial of 16,700. It is activity to be acute for the concise bazaar book to sustain aloft the 16,500. Traders are brash to burden from architecture new affairs positions until we see added advance in the bazaar breadth," said Ashis Biswas, Head of Technical Research at CapitalVia Global Research.

Fourteen of 19 area gauges aggregate by the BSE concluded lower, led by the S&P BSE Bankex index's over 1 per cent fall. Metal, Real Estate, Finance and IT indexes additionally fell 0.3-1 per cent each.

On the added hand, Energy, FMCG and Consumer Durable indices concluded with a absolute bias.

Mid- and small-cap shares concluded alloyed as Midcap basis rose 0.26 per cent and Smallcap basis slipped 0.2 per cent.

Kotak Mahindra Bank was top Nifty loser; the banal fell 2.31 per cent to abutting at Rs 1,747. Hindalco, ICICI Bank, SBI Life, Tata Motors, Ability Grid, IndusInd Bank, HDFC, Wipro, JSW Steel and HCL Technologies additionally fell 1-2.3 per cent each.

On the cast side, Eicher Motors, UltraTech Cement, Bajaj Finance, Adani Ports, Grasim Industries, Bajaj Finserv, Nestle India and Tata Consumer Products were amid the gainers.

Hindustan Aeronautics rose 3 per cent afterwards it placed an adjustment of Rs 5,375 crore with GE Aviation, USA for the accumulation of 99 F404-GE-IN20 engines and abutment casework to ability its Tejas Light Combat aircraft.

The all-embracing bazaar across was abrogating as 2,084 shares concluded lower while 1,096 bankrupt college on the BSE.

Sensex Falls 500 Credibility From Almanac High; ICICI Bank, HDFC Top Drags

Sensex, Nifty Climb To Almanac Highs Led By HDFC Bank, Reliance Industries

Nifty Seen Opening Aloft 16,650; HDFC Bank In Focus

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