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It was a tale of two sessions in one day. Dalal Street started Thursday with swagger, ended with a whimper.

Dalal Street’s brief romance with the bulls ended in tears on Wednesday. What started as a cautiously optimistic morning turned into a full-blown sell-off by the closing bell, as benchmark indices capitulated to heavyweight selling.

It was a classic open-high, close-low session. Dalal Street started with a spring in its step and ended with a limp.

After starting deep in the red and bleeding through the morning session on August 25, benchmark indices staged a powerful late-session reversal to end near the day’s high, snapping a two-day losing run.

A late-session bounce saved Dalal Street from a deeper cut, but could not prevent the bears from stamping their authority on Monday. After a strong start, benchmark indices slid over 1% intra-day before recovering half the losses, closing marginally lower on cautious trade ahead of a major US announcement on Iran.

After seven straight days in the red, Dalal Street finally found its footing on Thursday. The Sensex and Nifty both closed higher, powered by a bounce in financials and IT as global bond markets calmed down.

Indian equities closed lower on Wednesday, giving up early gains as profit booking in heavyweight financials and caution ahead of inflation data kept sentiment muted.

Indian equities ended Tuesday’s volatile trade on a weak note, with benchmark indices surrendering early gains as global risk-off sentiment and rising crude prices triggered profit booking. The 30-share BSE Sensex closed 416.73 points, or 0.54%, lower at 76,886.91 after swinging 752 points intraday between a high of 77,493.53 and low of 76,741.06. The NSE Nifty 50 settled at 24,013.95, down 78.75 points or 0.33%, after briefly reclaiming 24,100 levels.

On Bakhrahat Road in Rasapunja, South 24 Parganas, a white multi-storey building rises from what was once vacant land.

The bulls lost steam on Wednesday as Dalal Street ended in the red, giving up early gains amid late-hour profit booking. Both headline indices closed lower, but the damage was contained and orderly. No panic, just caution.