Sensex, Nifty snap multi-day rally as banks, metal stocks slip

Benchmark stock market indices ended lower on Wednesday as banks and metal stocks slipped.

Indian shares retreated from record highs on Wednesday and snapped a multi-day winning streak, as banking and metal stocks outweighed advances in consumer names including liquor makers. The blue-chip NSE Nifty 50 index closed 0.28% lower at 16,568.85 after seven straight sessions of gains, while the benchmark S&P BSE Sensex ended down 0.38% at 55,582.10, snapping a four-day rally.