Markets fall for 2nd day on unabated foreign fund outflows
The Hindu
In Asian markets, Seoul, Tokyo, and Hong Kong settled lower while Shanghai ended in the positive territory.
Equity benchmark indices ended lower on Wednesday, extending their previous day's fall, due to unabated foreign fund outflows and weak trends in the U.S. and Asian markets.
The 30-share BSE Sensex went lower by 286.06 points, or 0.44%, to settle at 65,226.04. During the day, it plunged 633.33 points, or 0.96%, to 64,878.77.
The Nifty declined 92.65 points, or 0.47%, to end at 19,436.10.
Among the Sensex firms, Axis Bank fell over 4%, emerging as the biggest laggard. State Bank of India, IndusInd Bank, NTPC, UltraTech Cement, Bajaj Finserv, Tata Steel, JSW Steel, Maruti and Larsen & Toubro were the other major laggards.
Nestle, Hindustan Unilever, HDFC Bank, Tata Consultancy Services, Infosys, HCL Technologies, and Asian Paints were among the gainers.
In Asian markets, Seoul, Tokyo, and Hong Kong settled lower while Shanghai ended in the positive territory.
European markets were trading mostly in the green. The U.S. markets ended with over 1% fall on Tuesday.
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