The S&P BSE Sensex cut initial gains and fell over 300 points in last hour of trade on Wednesday amid lack of directional cues from global markets. Overall, the market breadth was mixed, with every five out of 10 BSE stocks trading in the negative terrain.
Buying was visible in the smallcap space. The BSE S&P Smallcap edged 0.5 per cent higher. The S&P BSE Midcap index fell 0.20 per cent. The S&P BSE IT Index was the top BSE sectoral gainer, up 1.7 per cent. Nucleus Software Exports (up 5 per cent) remained the top index gainer. The S&P BSE Bankex was the top sectoral loser, down 1.2 per cent. PNB fell 3 per cent.
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