Equities snap two-day rally in see-saw trade

Equity benchmarks surrendered early features to shut with modest losses on Wednesday, snapping their two-day successful streak as traders pared publicity to energy, data expertise, and financial institution shares amid combined development in world markets.

The rupee plunged to its recent lifetime low in opposition to the greenback, weighed by persistent international fund outflows and a spurt in crude oil costs, which additionally dampened sentiment, stated merchants.

The 30-share BSE Sensex soared in opening trade, earlier than succumbing to bouts of volatility in the afternoon session. It lastly settled 109.94 factors, or 0.2 per cent decrease, at 54,208.53.

On related strains, the broader NSE Nifty dipped 19 factors, or 0.12 per cent, to complete at 16,240.3.

(This story has not been edited by Business Standard workers and is auto-generated from a syndicated feed.)

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