Stock markets end lower; HDFC Bank, foreign fund outflows drag

BENCHMARK BSE Sensex declined by 287 points on Wednesday due to profit selling in HDFC Bank, L&T and Reliance Industries shares and caution ahead of the impending US tariff deadline.

- MUMBAI, JUL 2

Paring its early gains, the BSE Sensex closed lower by 287.60 points or 0.34 per cent at 83,409.69. During the day, it dropped 546.52 points or 0.65 per cent to 83,150.77.

The 50-share NSE Nifty declined by 88.40 points or 0.35 per cent to settle at 25,453.40.

Flight of foreign capital from equities and a mixed trend in global equities impacted market sentiment, traders said.