Sensex, Nifty snap 4-session rally amid global selloff

May 11, 2021 17:22

Equity benchmarks nursed losses on Tuesday after four days of gains, largely in tandem with overseas markets which tumbled after surging commodity prices stoked inflation fears.

Profit-booking in banking, finance and metal counters further weighed on bourses, traders said. The 30-share BSE Sensex opened on the backfoot and stayed in the negative territory throughout the session, ending 340.60 points or 0.69 per cent lower at 49,161.81.

Similarly, the broader NSE Nifty slumped 91.60 points or 0.61 per cent to close at 14,850.75. Kotak Bank was the top loser in the Sensex pack, shedding 3 per cent, followed by HDFC, Tech Mahindra, Bajaj Finance, Titan, Bajaj Finserv, HUL and Axis Bank. On the other hand, NTPC, ONGC, PowerGrid, Sun Pharma, UltraTech Cement and SBI were among the gainers, climbing up to 4.60 per cent.

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