Stock markets snap 3-day rally

Snapping its three-day gaining streak, benchmark BSE Sensex declined by 387 points Friday due to profit-taking in blue-chip shares HDFC Bank and ICICI Bank even as Adani group shares rallied after a favourable Sebi order.

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The 30-share BSE Sensex tanked 387.73 points or 0.47 per cent to settle at 82,626.23. During the day, it dropped 528.04 points or 0.63 per cent to 82,485.92.

The 50-share NSE Nifty declined 96.55 points or 0.38 per cent to 25,327.05.

Banking, FMCG, and IT shares fell due to profit-taking while energy, realty, and metal shares emerged as gainers.