Indian Benchmarks Snap Rally, Indices Drift Lower

Indian benchmark indices Nifty and Sensex fell on Thursday, snapping a three-day rally as investors booked profits; Sensex dropped over 400 points to a day's low of 83,369 and Nifty slid over 100 points below 25,650. Metal and pharma led losses while the Nifty Smallcap 100 fell about 1% and the Midcap 100 declined 0.5%; FIIs and DIIs showed modest net buying.