Market ends 7-day rally as all sectors struggle

Sensex closed with a loss of 729 points, or 0.93 percent, at 77,288.50, while the Nifty 50 settled 182 points, or 0.77 percent, lower at 23,486.85

- STATESMAN NEWS SERVICE

Benchmarks indices on Wednesday halted a seven-day winning streak amid broad-based selling across the market. The Sensex opened on a strong note, touching an intraday high of 78,167.87; however, selling pressure in select heavyweight stocks led to a sharp decline. Nifty initially posted a marginal uptick but later reversed course and slipped below the crucial 23,500 mark.

The Sensex closed with a loss of 729 points, or 0.93 per cent, at 77,288.50, while the Nifty 50 settled 182 points, or 0.77 per cent, lower at 23,486.85.

During the trading session, the Nifty reached a high of 23,736.5 and a low of 23,451.7 while the Sensex traded within a range of 78,167.87 and 77,194.22.