Equities snap two-day rally in see-saw trade

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Equity benchmarks surrendered early gains to close with modest losses on Wednesday, snapping their two-day winning streak as investors pared exposure to power, information technology, and bank stocks amid mixed trend in global ,

The rupee plunged to its fresh lifetime low against the dollar, weighed by persistent foreign fund outflows and a spurt in crude oil prices, which also dampened sentiment, said traders.




The 30-share Soared in opening trade, before succumbing to bouts of volatility in the afternoon session. It finally settled 109.94 points, or 0.2 per cent lower, at 54,208.53.

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On similar lines, the broader NSE Nifty dipped 19 points, or 0.12 per cent, to finish at 16,240.3.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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