Sensex hits 56K for first time in intra-day trade

Mumbai, August 18

The BSE Sensex scaled the 56,000-mark for the first time on Wednesday but finished in the red following a late sell-off as investors pocketed gains in banking, finance and IT stocks.

Snapping its four-session record-setting spree, the 30-share benchmark closed 162.78 points lower at 55,629.49. It touched its all-time peak of 56,118.57 during the session. Similarly, breaking its seven-day winning streak, the broader NSE Nifty declined 45.75 points to 16,568.85. — PTI

Banks’ tumble

Kotak Bank was the top loser, shedding 2.09%, followed by ICICI Bank, IndusInd Bank, HDFC, Axis Bank and Maruti