Market wrap: Adani Enterprises, Kotak Mahindra Bank, HDFC Bank, M&M top gainers and losers on Nifty and Sensex on Thursday

Indian equity markets closed lower on Thursday, with the Sensex falling 539 points and the Nifty declining 117 points as selling intensified late in the session. Adani Enterprises and Kotak Mahindra Bank led Nifty gainers, while Hindalco, HDFC Bank and M&M emerged among the biggest losers.