Sensex Slips into Red as Financial Stocks Drag Mid-Session Trade

Benchmark indices surrendered early gains on Wednesday, with the BSE Sensex closing significantly lower after initially surging 829 points.

Losses in banking and financial stocks, including Bajaj Finance and Axis Bank, outweighed gains in the IT sector.

Foreign Institutional Investors offloaded ₹1,148.64 crore worth of equities on Monday, contributing to the negative market sentiment.