After a two-day relief rally faded out due to ongoing worries about interest rate hikes by the central banks and recession fears, Indian equities indexes swung back into the red on Wednesday.
The NSE Nifty dropped 226 points or 1.44 percent to conclude at 15,413 today, while the 30-share BSE Sensex fell 710 points or 1.35 percent to close at 51,823. Mid- and small-cap equities underperformed after the close, with the Nifty Midcap 100 declining 1.63 percent and the small-cap index declining 1.41 percent.
The NSE's 15 sector indicators all ended up in the negative. The Nifty Metal, Nifty Oil & Gas, and Nifty Consumer Durables, which saw declines of up to 4.87 percent, 2.16 percent, and 1.29 percent, respectively.
UPL cracked 6.03 percent to 613, making it the highest Nifty loss. ONGC, Tata Steel, Hindalco, and JSW Steel were among the losers.
overall 1,251 shares went up and 2,079 decreased on the BSE, resulting in negative market breadth.
Tata Steel, Reliance Industries, Wipro, IndusInd Bank, HCL Tech, Bajaj Finserv, Titan, Bajaj Finance, Tech Mahindra, Bharti Airtel, and Axis Bank were some of the major losers on the 30-share BSE index.
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