New Delhi, March 17 -- Market update: Nifty and Nifty Bank analysis for 13 March

Indian equities opened higher on Wednesday, 13 March, but failed to sustain early gains as selling pressure and weak global cues weighed on sentiment. After a strong gap-up start, profit booking dragged indices lower, keeping the market range-bound throughout the session.

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The Nifty 50 slipped 0.33%, shedding 73.30 points to close at 22,397.20, while the Sensex declined 0.27%, losing 200.85 points to settle at 73,828.91. Persistent selling in key sectors kept pressure on the benchmarks, reflecting broader market caution.

Nifty Bank, which opened with gains, initially climbed 0.42% but era...