In early trade on Wednesday, equity benchmark indices fell due to weakness in banking, financial, and metal stocks, as well as continued foreign fund outflows.
The BSE Sensex dropped 193.99 points to 63,680.94. The Nifty index fell 47 points to 19,032.60.
JSW Steel, Bharti Airtel, Kotak Mahindra Bank, HDFC Bank, Asian Paints, Tata Steel, Power Grid, and Nestle were the Sensex’s major laggards.
The top gainers were Mahindra & Mahindra, Wipro, HCL Technologies, Bajaj Finserv, and Tata Motors.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were all trading in the green.
On Tuesday, the US markets finished in the green.
Brent crude fell 0.05 percent to USD 87.41 a barrel.
According to the data exchange, foreign institutional investors (FIIs) sold securities worth Rs 696.02 crore on Tuesday.
On Tuesday, the BSE benchmark dipped 237.72 points, or 0.37 percent, to end at 63,874.93. The Nifty lost 61.30 points, or 0.32 percent, to close at 19,079.60.
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