Indian benchmark indices snapped their two-day gaining streak on June 29, with the Nifty ending near the day's low as broad-based selling pressure across sectors and the broader market weighed on sentiment.


After trading in a narrow range during the first half of the session, profit booking intensified in the afternoon, dragging the Nifty to an intraday low of 23,924.55. Selling pressure was led by auto, IT, oil & gas, and banking stocks, while weakness in the broader market further dampened investor sentiment.

At close, the Sensex was down 372.10 points or 0.48 percent at 76,728.37, and the Nifty was down 109.75 points or 0.46 percent at 23,946.25.

The broader indices performed inline with main indices with Nifty midcap index falling 0.4 percent and smallcap index declining 0.6 percent.


Biggest Nifty losers were Kotak Mahindra Bank, M&M, Maruti Suzuki, Adani Enterprises, Interglobe Aviation, while gainers included Max Healthcare, Coal India, Dr Reddy's Laboratories, Eternal and Trent.

Among sectors, Auto index shed 2%, while PSU Bank, Media, IT, Oil & Gas down 1% each. On the other hand, Metal, Pharma, Healthcare up 0.5-1%.

More than 160 stocks touched their 52-week high on the BSE, including Dr Reddy's Labs, Nuvama Wealth, GMR Airports, Aurobindo Pharma, Apollo Hospitals, Welspun Corp, ACME Solar, Radico Khaitan, Oracle Financial Services., among others.

Among individual stocks, Dr Reddy's Laboratories shares gained more than 2 percent after USFDA completed a Pre-License Inspection (PLI) at the company's biologics manufacturing facility in Bachupally, Hyderabad with seven observations, Persistent Systems shares fell 11 percent after the company announced plans to acquire Nagarro SE through its subsidiary, Galaxy Germany Holding SE (BidCo).

Power Finance Corporation (PFC) declined about 2 percent after its board approved the scheme of amalgamation amalgamation of REC with PFC, Indoco Remedies shares added 2 percent after company's Goa facility received EU GMP certification from the Malta Medicines Authoritys. Waaree Energies share price slipped 4 percent despite clarifying about US customs ruling, with no impact on US operations.

The Indian rupee snapped its two-day gaining streak, erasing all its intraday gains to settle 13 paise weaker at 94.53 per US dollar on Monday, compared with Thursday's closing level of 94.40.