Home Business Indian benchmark equity indices closed in the red for the fourth straight...

Indian benchmark equity indices closed in the red for the fourth straight session on Wednesday, dragged down by losses in heavyweight financials and IT stocks. Uncertainty around June 4 election results and the timing of US rate cuts also contributed to the decline.

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Dear Trader… The 30-share BSE Sensex declined by 668 points, or 0.89%, to settle at 74,503. The broader NSE Nifty future dropped 206 points, or 0.90%, to end at 22,731. ICICI Bank and HDFC Bank alone contributed to a 300-point decline in the Sensex. Reliance Industries, Infosys, Axis Bank, L&T,

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