Buy or sell stocks, Aug. 27 -- The Indian equity benchmarks, Sensex and Nifty 50, closed lower on Wednesday, August 26, as investors booked profits ahead of key US inflation data. The Sensex fell 183 points, or 0.24%, to end at 77,472.94, while the Nifty 50 dropped 127 points, or 0.52%, to settle at 24,207.75.

Meanwhile, the broader market displayed relative strength. The Nifty Midcap 150 index ended largely unchanged, while the Nifty Smallcap 250 index gained 0.60%.

Nifty 50 closed at 24,207.75, down 126.80 points (-0.52%), after failing to sustain the early strength and facing rejection near the 200-Day EMA around 24,375. The index slipped steadily through the session and settled at the day's low, highlighting renewed selling pressure...