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Sensex, Nifty reverse early gains amid weak trends in European markets

The 30-share BSE Sensex declined by 372.46 points or 0.69 per cent to close at 53,514.15, extending its falling streak to a third day

Power plant equipment maker Bharat Heavy Electricals has more than doubled this year, making it among the top gainers in Bloomberg Intelligence’s basket. (Photo: Bloomberg)
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FMCG, basic materials, healthcare, metal and realty were the gainers. Photo: Bloomberg

Press Trust of India Mumbai
Benchmark equity indices Sensex and Nifty reversed their early gains to close lower on Wednesday due to selling in oil & gas, banking and IT stocks amid weak trends in European markets.

The 30-share BSE Sensex declined by 372.46 points or 0.69 per cent to close at 53,514.15, extending its falling streak to a third day.

The index opened higher and touched the day's high of 54,211.22 amid gains in Asian markets. However, it failed to hold onto its gains and dropped over 750 points to touch a low of 53,455.26 as European markets opened lower.

The broader NSE Nifty declined 91.65 points

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