New Delhi: Indian indices continued to commerce within the pink zone for the second steady session on Wednesday, with fairness benchmark Sensex shedding 471 factors. Nifty and Sensex had been dragged by promoting in heavyweights comparable to ICICI Bank, HUL and Reliance Industries amid combined cues from international markets.
The 30-share BSE index ended 471.01 factors or 0.96 per cent decrease at 48,690.80. Similarly, the broader NSE Nifty tumbled 154.25 factors or 1.04 per cent to 14,696.50.
IndusInd Bank was the top loser within the Sensex pack, shedding over 3 per cent, adopted by HUL, ONGC, ICICI Bank, Axis Bank, Kotak Bank, M&M and Tech Mahindra.
On the opposite hand, Titan, Maruti, PowerGrid, SBI and NTPC had been among the many gainers.
“Indian indices extended its losses due to concerns over hike in global interest rates and bond yield due to rising commodity prices and inflationary pressure,” stated Vinod Nair, Head of Research at Geojit Financial Services.
All main indices closed within the adverse terrain together with metals whereas PSU banks and media shares managed to remain afloat. International commodity costs must stabilise to supply sustenance within the fairness market, he added.
Elsewhere in Asia, bourses in Shanghai and Hong Kong ended on a constructive notice, whereas Tokyo and Seoul had been within the pink.
Stock exchanges in Europe had been buying and selling on a combined notice in mid-session offers. Meanwhile, worldwide oil benchmark Brent crude was buying and selling 0.50 per cent greater at USD 68.88 per barrel.
