Stock market closed lower for the second consecutive day, driven by foreign fund outflows and weak global trends. On Wednesday, the BSE Sensex fell by 318.76 points or 0.39% to 81,501.36, after dropping as much as 461.86 points earlier in the session.
The NSE Nifty followed a similar pattern, declining by 86.05 points or 0.34% to settle at 24,971.30. Major laggards in the Sensex included Mahindra & Mahindra, Infosys, Kotak Mahindra Bank, JSW Steel, Adani Ports, Tata Motors, ITC, and Titan.
Also read: Rallis India shares Peaks at ₹373.80, Details Inside!
On the positive side, HDFC Bank, Bharti Airtel, Reliance Industries, Asian Paints, and State Bank of India posted gains. Foreign Institutional Investors (FIIs) sold equities worth ₹1,748.71 crore on Tuesday, further contributing to the market’s decline.
Asian markets showed mixed results, with Seoul, Tokyo, and Hong Kong closing lower, while Shanghai ended slightly positive. European markets also traded in negative territory, and the US markets had closed lower on Tuesday, adding to the pressure on Indian markets.
Also read: Ambuja Cements Shares Drop 2% After ₹909 Crore Block Deal
Brent crude, the global oil benchmark, edged up 0.08% to $74.32 per barrel. On Tuesday, the BSE Sensex had already declined by 152.93 points or 0.19% to 81,820.12, with the Nifty also falling by 70.60 points or 0.28% to 25,057.35.
