Sensex snaps 7-day gaining streak; drops 54 pts

Snapping their seven-day gaining streak, the benchmark indices ended in the red on  amid selling in private banks, auto and IT counters.
The S&P BSE Sensex slipped 54 points or 0.13% to end at 40,248 with YES Bank being the top gainer and IndusInd Bank the worst performer. During the session, the index witnessed a swing of 413 points.


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On the NSE, the broader Nifty50 ended at 11,917, down 24 points or 0.20% with 27 constituents declining and 23 advancing.
On the sectoral front, all the indices on the NSE but Nifty FMCG ended in the negative territory. Media stocks bled the most, followed by pharma and metal stocks. Nifty Media index slipped around 1.50% to end at 1,839 levels. On the positive side, Nifty FMCG index ended 0.33% higher at 32,361-mark.
In the broader market, the S&P BSE MidCap index lost over a % to end at 14,724 while the S&P BSE SmallCap index ended at 13,522, down nearly a %.

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