Market Wrap: Sensex down 116 pts, Nifty below 26,150 as foreign outflows drag
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Indian equities closed modestly lower on Wednesday, with the Sensex and Nifty retreating amid thin, pre-holiday trading as foreign investors turned net sellers and a lack of fresh triggers kept risk appetite in check. Losses in oil and gas, pharmaceutical and IT stocks weighed on the benchmarks as markets headed into the Christmas break.
The Sensex fell 116 points, or 0.14%, to end at 85,408.70, while the Nifty 50 slipped 35 points, or 0.13%, to close at 26,142.10.
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