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The selling in the market was broad-based as even the midcaps and smallcaps corrected despite showing resilience in the previous few sessions.
The 30-share pack Sensex fell 379.14 points or 0.73 per cent to close at 51,324.69.
Now if the breakout sustains, the indices are primed for another leg of the rally, given FIIs continue to be bullish.
Read more about Dhani Services reports consolidated net loss of Rs 76.33 crore in the December 2020 quarter on Business Standard. Sales decline 62.14% to Rs 325.53 crore
Sensex closes atop Mt 50K as market rides on Budget euphoria SECTIONS Share Synopsis The Union Budget has fuelled the latest leg of the rally as inventors believe higher spending by the government will eventually lead to growth in corporate earnings. Sensex ends above 50K for first time, gains 458 pts, Nifty tops 14,750; pharma, financial stocks rally NEW DELHI: Banks and financials were in heavy demand on Wednesday as bulls continued to bludgeon their way past bears taking benchmark indices to fresh record highs, driven by prospects of better earnings growth from India Inc. The Union Budget...