Business

Sensex snaps three-day rally

PNS

Snapping a three-day winning Sensex on Wednesday closed around 13 points lower as cautious investors booked profits in recent outperformers in financial, IT, and metal space ahead of monthly settlement in the derivative segment.

The 30-share index resumed better tracking overnight cues in US markets and immediately touched a high of 20,216.49. However, it later fell back and remained in negative terrain for most of the session to touch a low of 20,044.74. Sensex recovered some ground to settle at 20,147.64, still showing a fall of 13.18 points or 0.07 per cent.

Fall in ICICI Bank, HDFC, SBI, TCS, Infosys, Tata Steel, Sterlite Ind, Jindal Steel, M&M and Maruti mainly weighed on the market today. Sun Pharma was the star performer in Sensex with a rise of over 7 per cent on robust earnings.