Indices snap three-day winning run as heavyweights stumble; L&T falls 1%

The Sensex nursed losses on Wednesday after three days of gains, weighed by selling in Reliance Industries, finance and metal stocks despite firm Asian cues. Persistent foreign fund outflows added to the selling momentum, though a recovery in the rupee capped the losses, traders said.

The 30-share benchmark ended 282.63 points or 0.54 per cent lower at 52,306.08 in choppy trade. The NSE Nifty declined 85.80 points or 0.54 per cent to 15,686.95.

Kotak Mahindra Bank was the top loser among the Sensex constituents, shedding 1.32 per cent, followed by L&T, Tata Steel, TCS, Axis bank, ICICI Bank, HDFC, and Reliance Industries.