Initial trading on Wednesday saw a dip in equity benchmark indexes for the third day in a row due to negative trends in IT counters and foreign capital outflows.
Negative attitudes were further exacerbated by weak developments in international markets.
The 30-share BSE Sensex dropped 168.88 points to 59,558.13 on the day. The NSE Nifty index as a whole dropped 48.35 points to 17,611.80.
Infosys, HCL Technologies, Asian Paints, Hindustan Unilever, Tata Consultancy Services, Wipro, Bajaj Finserv, and Nestle were the Sensex companies that lagged behind the others the most.
Among the winners were Tata Steel, Axis Bank, Mahindra & Mahindra, Titan, and Bharti Airtel.
Japan, Shanghai, and Hong Kong were trading down on Asian markets, while
quoted in green is Seoul.
The majority of American stock markets closed down on Tuesday.
According to exchange statistics, foreign portfolio investors (FPIs) once again sold shares of stock worth Rs 810.60 crore on Tuesday.
The benchmark 30-share BSE index dropped 183.74 points or 0.31 percent on Tuesday to close at 59,727.01. To conclude at 17,660.15, the Nifty fell 46.70 points, or 0.26 percent.
Brent crude, the benchmark for all crude oil, fell 0.13 percent to USD 84.66 a barrel.
