Indian benchmark indices experienced a decline on Wednesday, influenced by fund outflows resulting from substantial block deals and increased primary market activity. ITC shares significantly dragged down the benchmarks due to British American Tobacco’s plan to sell a 2.6% stake. Conversely, LIC shares surged following a robust increase in net profit and dividend declaration, while broader markets demonstrated outperformance.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets