Sensex, Nifty slide for 4th day; IT, banking shares drop

July 14, 2022 16:29

Benchmark indices Sensex and Nifty gave up early gains to close lower for a fourth straight session on Thursday due to selling in IT and banking shares amid weak global equities.

The 30-share BSE benchmark settled 98 points or 0.18 per cent lower at 53,416.15. During the day, it hit a high of 53,861.28 and a low of 53,163.77.

The broader NSE Nifty also pared initial gains and ended 28 points or 0.18 per cent down to settle at 15,938.65. Among the Sensex constituents, Axis Bank declined the most by 1.74 per cent.

HCL Technologies, State Bank of India, Tech Mahindra, TCS, Wipro, UltraTech Cement and ITC were the major laggards. Sun Pharma, Dr Reddy's Lab, Maruti Suzuki India, Kotak Mahindra Bank, Titan and Reliance Industries were among the gainers.

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