Sensex cuts gaining streak; IndusInd Bank surges by 5 per cent

In the afternoon trading session on Wednesday, benchmark indices witnessed a sharp decline resulting from sudden selling in domestic markets. Sensex shed nearly 500 points from the day's high to close at 36,329.01 that is 345.51 points or 0.94 per cent lower than its previous close while Nifty fell by 93.90 points or by 0.87 per cent to close at the level of 10,705.75.

Asian indices remained mixed as Shanghai index and Hang Seng gained by 1.74 per cent and 0.59 per cent respectively whereas Nikkei and KOSPI dropped by 0.78 per cent and 0.24 per cent respectively.

Indian rupee ended weaker against the dollar at 75.01 per dollar.

In the Sensex basket, eight stocks advanced while 22 declined. Sensex winners comprised IndusInd Bank soaring by 5.06 per cent, SBI Bank rallying by 1.80 per cent, HUL increasing by 1.45 per cent, Tata Steel gaining by 1.23 per cent, ITC rising by 1 per cent, etc. Sensex losers included Bajaj Finance dropping by 4.45 per cent, Asian Paints declining by 3.37 per cent, Bajaj Finserv dipping by 2.94 per cent, Maruti Suzuki decreasing by 2.93 per cent, HCL Technologies falling by 2.91 per cent, Infosys down by 2.49 per cent, Titan Company down by 2.43 per cent, etc.

Amongst BSE sectoral indices, the biggest gainer was Metal index, up by 1.70 per cent. FMCG index and Healthcare index inched up by 0.76 per cent and 0.51 per cent respectively. On the other hand, Realty index was the biggest loser, down by 2.05 per cent. At a broader level, BSE small-cap index fell by 0.43 per cent while BSE mid-cap index decreased by 0.39 per cent.