The Indian fairness benchmarks fell for second straight session on Wednesday dragged by losses in metallic, non-public sector banking, info expertise and monetary companies shares amid weak world cues. The Sensex fell as a lot as 611 factors to hit an intraday low of 48,550.72 and Nifty 50 index briefly dropped under its essential psychological stage of 14,650.
The Sensex ended 471 factors decrease to shut at 48,691 and Nifty 50 index declined 154 factors or 1 per cent to settle at 14,696.
Broader Asian markets prolonged a sell-off fueled by issues {that a} potential pickup in US inflation might result in rate of interest hikes before anticipated.
