Market Highlights: Sensex falls 214 factors, Nifty ends beneath 17,100 as Metal, IT shares drag

Share/Stock Market Highlights: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) ended over 0.3 per cent decrease on Wednesday weighed by metals and data know-how (IT) shares.
The S&P BSE Sensex slipped 214.18 factors (0.37 per cent) to finish at 57,338.21. Earlier within the day, the BSE benchmark had surged 366.32 factors (0.64 per cent) to hit a contemporary report intraday excessive of 57,918.71.
Likewise, the Nifty 50 fell 55.95 factors (0.33 per cent) to settle at 17,076.25. During the intraday commerce, the NSE barometer had risen 93.55 factors (0.55 per cent) to breach the 17,200 stage mark and hit new all-time excessive of 17,225.75.
Mahindra & Mahindra (M&M), Tata Steel, Bajaj Finserv, Housing Development Finance Corporation (HDFC), Tata Consultancy Services (TCS) and Infosys have been among the many prime losers on Wednesday’s commerce whereas Asian paints, Nestle India, Axis Bank, Dr. Reddy’s Laboratories, Titan Company and Larsen & Toubro (L&T) have been the highest gainers.
Among the sectoral indices on NSE, the Nifty Metal index fell 1.79 per cent dragged by Tata Steel, Welspun Corp and National Aluminium Company. The Nifty IT index slipped 1.33 per cent weighed by MphasiS, TCS and Infy.
However, the broader market indices on the BSE outperformed their benchmark peer, the S&P BSE MidCap ended at 24,072.58, up 219.15 factors (0.92 per cent) whereas the S&P BSE SmallCap settled at 26,979.89, up 59.95 factors (0.22 per cent).
(with inputs from companies)