Markets skid for 2nd day as profit-booking takes hold

October 20, 2021 17:16

The Sensex slumped 456 points while the Nifty closed below the 18,300-level on Wednesday as market participants pared exposure to overbought counters for the second straight session.

Midcap and smallcap stocks too saw heavy selling amid concerns over frothy valuations, traders said.

The 30-share BSE Sensex ended 456.09 points or 0.74 per cent lower at 61,259.96. Similarly, the NSE Nifty dropped 152.15 points or 0.83 per cent to 18,266.60.

Titan was the top laggard in the Sensex pack, shedding 2.97 per cent, followed by HUL, NTPC, L&T, PowerGrid, Bajaj Finserv and M&M.

In contrast, Bharti Airtel led the gainers' chart with a jump of 4.03 per cent. SBI, IndusInd Bank, Bajaj Finance, Axis Bank, ITC and HCL Tech were the other winners.

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