Market Close Explained: Why Nifty ended lower despite gains in banking stocks

The domestic market failed to hold its recovery on Wednesday (September 30), with the Nifty ending 96 points lower at 22,620 and the Sensex slipping 49 points to 72,480. The Nifty Bank was the relative outperformer, rising 373 points to 54,633, while the Nifty Midcap index gained 13 points to 59,33…