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Indian equity market, currency, debt and commodity markets are closed on Wednesday on account of Ram Navami.

The benchmark equity indices on Tuesday ended with modest losses after a volatile trade. A record surge in Covid-19 cases and FII outflows from the capital market dented investors sentiment. IT shares saw major selling while banks shares extended recent losses. Auto and pharma stocks bucked the trend.

The barometer index, the S&P BSE Sensex, fell 243.62 points or 0.51% to 47,705.80. The Nifty 50 index lost 63.05 points or 0.44% to 14,296.40. Both these indices have fallen over 2.2% in two straight sessions.

HCL Technologies (down 3.56%), HDFC (down 3.16%), HDFC Bank (down 1.50%) and Infosys (down 0.87%) were major drags.

The broader market settled with gains. The BSE Mid-Cap index and the BSE Small-Cap index rose by 0.49% each.

The market breadth was positive. On the BSE, 1654 shares rose and 1228 shares fell. A total of 167 shares were unchanged.