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Sensex and Nifty Snap Two-Day Rally as Banking Stocks Slide
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CNBC TV18•14-10-2026, 15:48
Sensex and Nifty Snap Two-Day Rally as Banking Stocks Slide
- •Indian equity benchmarks ended their two-day winning streak on Wednesday as banking stocks faced selling pressure.
- •The Sensex declined 252 points to close at 72,782, while the Nifty slipped 99 points to finish at 22,623.
- •The Nifty IT index outperformed the broader market, extending its gains for a second consecutive session.
- •Key movers included Transformers and Rectifiers India surging 19% on strong earnings, while Shriram Finance faced profit-booking.
- •The Indian rupee extended its recovery against the US dollar for the third consecutive session to close at 95.15.
Key Questions Answered
Indian equity benchmarks snapped their two-day winning streak on Wednesday as banking stocks faced selling pressure. The Sensex fell 252 points to close at 72,782, while the Nifty slipped 99 points to settle at 22,623, failing to hold above the 22,700 mark.
The Nifty IT index extended its gains for a second consecutive session, outperforming the major indices. Additionally, the overall market breadth favored advances with a 3:2 ratio, supported by gains in individual stocks like Transformers and Rectifiers (India) and BHEL.
Bank of Baroda shares lost nearly 3% following reports that the bank had been named in a $15 billion lawsuit filed by the founder of NMC Health.
