Sensex, Nifty slide on inflation concerns; metals stocks decline sharply

Benchmark market indices ended lower on Wednesday as concerns over rising inflation gripped investors. A decline in metal stocks also dented the stock market momentum.

Indian shares slid on Wednesday as stocks across the board gave up gains and investor sentiment around the globe soured over sky-high oil prices, which stoked worries about rising inflation.

The NSE Nifty 50 index ended 0.99% lower at 17,646, while the S&P BSE Sensex was down 0.93% at 59,189.73.