Mumbai: India's benchmark equity indices closed lower on Wednesday, snapping five straight days of gains, in line with its Asian peers. Equities in Asia were subdued as sentiment took a hit after Washington said it would keep in place tariffs on Chinese goods until the completion of a second phase of a US-China trade agreement.

The Sensex fell 79.90 points or 0.19% to close at 41,872.73, while the Nifty 50 eased 0.15% to close at 12,343.30.

In Asia, Japan's Nikkei225 fell 0.45%, Hong Kong's Hang Seng closed 0.4% lower and China's Shanghai Composite index fell 0.54%.

Back home, the market breadth was positive. On the BSE, 1451 shares rose and 1068 shares fell. A total of 187 shares were unchanged. On the Nifty, 26 stocks advanced while 24 stocks declined.

Among sectoral indices, BSE Consumer Durables index and BSE Realty index rose 1.37% each and BSE Auto gained 1.05%. However, BSE Bankex fell 0.7%.

Larsen & Toubro Infotech jumped 6.6% after the company reported a 4.6% year-on-year rise in its October-December consolidated net profit to 376.70 crore and a 9.4% increase in revenue to 2811.10 crore.

Wipro fell 3.5% on disappointing earnings. The IT major reported a 3.8% year-on-year decline in net profit to 2,455.90 crore on a 2.3% increase in revenue to 15,470.50 crore in the December-ended quarter.

Yes Bank rose 3.5% to 39.90 as the lender said it is in the process of recasting its capital-raising strategy, part of which involves abandoning its quest for big-ticket cheques in favour of relatively smaller and more frequent share sales.

Mindtree advanced 4.4% after the company’s consolidated net profit rose 45.9% in October-December to Rs197 crore on a 3.4% increase in revenue to 2,000.10. Digital business grew 13.5% year-on-year.