Share Bazaar Today: The Sensex and the Nifty 50, closed in red on Wednesday, September 4, on profit booking in shares of select heavyweights such as ICICI Bank, Infosys, and Larsen and Toubro (L&T) amid weak global cues.

The indices, however, recovered most of their losses during the session, thanks to gains in shares of Reliance Industries, Hindustan Unilever, and Asian Paints.

After opening sharply lower by 710 points at 81,845.50, the Sensex remained in the red throughout the session and touched the intraday low of 81,833.69, down 722 points. The Nifty 50, on the other hand, opened at 25,089.95 against its previous close of 25,279.85 and touched its intraday low of 25,083.80.

Eventually, the Sensex closed 203 points, or 0.25 per cent, lower at 82,352.64, with 19 stocks in the red. The Nifty 50 closed with a loss of 81 points, or 0.32 per cent, at 25,198.70, with 31 stocks in the red.

The BSE Midcap index also declined by 0.12 per cent, but the Smallcap index bucked the trend, rising 0.32 per cent.

The shares of Wipro, Coal India, and ONGC ended as the top losers in the Nifty 50 index. On the other hand, Asian Paints, Grasim, and Hindustan Unilever ended as the top gainers in the index.

In terms of index contributions, ICICI Bank, Infosys, Larsen and Toubro, Axis Bank, Coal India and SBI ended as the top drags on the index in that order.

Among the sectoral indices, Nifty PSU Bank (down 1.69 per cent), IT (down 0.94 per cent) and Metal (down 0.75 per cent) closed as the top losers.

Nifty Bank closed with a loss of 0.56 per cent, while the Private Bank index declined 0.65 per cent.