The BSE Sensex settled 135 points lower, or 0.36 percent, to close Wednesday's trade at 37,847.65. The NSE Nifty50 also slipped by nearly 60 points, or 0.53 percent, to trade at 11271. The Nifty MidCap index ended 1.48 percent lower, while the banking gauge, Bank Nifty fell more than half a percent. BSE Metal fell the most by over 3 percent among sectoral gauges. Among Nifty gainers, Zee Entertainment shares gained more than 4.2 percent, Asian Paints 3.45 percent, Hindustan Unilever over 2 percent and HDFC almost 2 percent. HCL Tech also surged over a percent among Nifty gainers. Among Nifty losers, UPL shares ended 5.45 percent lower, Adani Ports more than 5 percent, Indiabulls Housing Finance almost 4 percent and IndusInd Bank 3.6 percent. 

-Market slips for 5th straight day, ends at two-month closing lows with the Nifty slipping more than 356 points. The Sensex has erased 1,233 points in last 5 sessions.

-Only 12 Nifty stocks close in the green, Zee Entertainment ends as top gainer after Q1 earnings. Most auto stocks trade at lowest levels in 2-3 years, Eicher top loser.

-HDFC snaps five-day losing streak and HDFC Bank ends higher after three sessions.

Three private-sector lenders from the Nifty Bank index gained over 100 percent, doubling investor wealth in the last 5 years. These include Kotak Bank, HDFC Bank, and IndusInd Bank. The Nifty Bank index has risen 88 percent in this duration as compared to a 45 percent gain in the Nifty50 index. READ MORE

Shares of Newgen Software slipped over 13 percent to a three-month low of Rs 248.30 after the company posted a sharp decline in consolidated net profit for the June quarter due to a significant fall in foreign exchange gains. The consolidated net profit for Apr-Jun was at Rs 3.08 crore, down over 95 percent from Rs 62.51 crore a quarter ago.

Metal stocks declined on Wednesday, with the Nifty Metal index down about 3 percent in the afternoon session. A consistent global economic slowdown and domestic liquidity crunch, along with a lacklustre demand from both auto and construction companies have weighed on metal prices in recent times. The automobile industry in India has been experiencing major stagnation for the past four quarters. READ MORE

Zee Entertainment is the only Nifty50 stock that rose in double-digits this month. Zee Entertainment shares jumped over 11 percent in one month as promoters are in talks to sell a stake of the company. However, in last one year, the stock price has eroded 28 percent and about 21 percent this year.

However, the company has been delivering a good set of earnings after it launched its OTT platform, Zee5. The June-quarter earnings saw a strong set of numbers. The company's consolidated net profit surged 62.6 percent to Rs 530.6 crore compared to Rs 325.88 crore in the corresponding quarter last year. READ MORE

IndiGo promoters — Rakesh Gangwal and Rahul Bhatia — are finally headed for a truce, sources told CNBC-TV18, adding that the finer details of an agreement between the two arrived at by the board are being worked out. The board meeting was held on July 19 and 20 to consider the April-June earnings of the firm as well as to discuss the dispute between the two promoters. There are no differences between the promoters on operational issues and airline strategy, said the sources on the condition of anonymity. READ MORE