Sensex & Nifty End With Mild Cuts, Nifty Holds Up Above 19,700

BSE Sensex and Nifty slide from intra-day highs to end marginally lower, and Nifty holds on to the crucial 19,700 mark. Broader markets outperform, the Nifty Midcap Index climbs 84 points to 40,590. Sensex slides 116 points to end at 66,166, while Nifty falls 19 points to 19,731 and Nifty Bank declines 62 points to 44,225.

Shares of MCX rise as much as 4% as the new tech platform goes live. Positive commentary on festive season demand for two-wheelers life Hero Moto by 2%. Metal stocks see buying with Nifty Metal Index surging nearly 1% and NMDC gaining more than 3%.

Federal Bank ends with cuts of 0.5% despite reporting the highest ever PAT of Rs 953.82 cr on robust asset quality, which was in line with street expectations. Karur Vysya Bank rose more than 2% after reporting a nearly 50% surge in its quarterly profit.

Delta Corp slips 9% in today's trade as another subsidiary gets hit with Rs 6,384 crores GST shortfall tax notice. Dalmia Bharat climbs 2% on better-than-expected second-quarter results.
Vodafone Idea and Bharti erase early gains as Supreme Court rejects company's plea concerning licence fee.

The rupee ended at a record closing low of 83.28 against the US dollar. Market breadth remains in favour of advances, advance-decline ratio at 1:1.