Nifty snaps 14-day run, Sensex drops 202 points

Benchmark Nifty took a breather after a 14-day winning run while Sensex closed lower by 202 points on Wednesday due to profit-taking in IT, banking and metal shares amid weak global trends.

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Recovering from the day's lows, the 30-share BSE Sensex settled at 82,352.64, down by 202.80 points or 0.25 per cent.

The index opened lower and tumbled further 721.75 points or 0.87 per cent to hit a low of 81,833.69 amid losses in Asian markets.

Snapping its 14-day rally, the NSE Nifty declined 81.15 points or 0.32 per cent to 25,198.70. Intra-day, it tanked 196.05 points or 0.77 per cent to 25,083.80. Nifty had surged nearly 1,141 points or 4.59 per cent in 14 straight days to Tuesday.