Private lenders bring Sensex’s winning streak to an end

Indian shares wiped out early gains to edge lower on Wednesday, snapping their longest winning streak in over three years, dragged by private lenders such as HDFC Bank Ltd and Axis Bank Ltd.

The broader Nifty ended 0.21 percent lower at 10,526.20, snapping its longest winning streak since late January 2015.

The benchmark Sensex snapped its longest winning run since early September 2014, closing 0.18 percent lower at 34,331.68.

Index heavyweight HDFC Bank ended 0.8 percent lower, while Axis Bank ended 2.6 percent lower, dropping for a fourth straight session.