The benchmark Sensex fell over 323 points in the market on Wednesday mainly due to losses in index heavyweights Infosys, Reliance and HDFC.
After trading in the green for most part of the session, the BSE gauge closed 323.34 points or 0.55% lower at 58,340.99 – marking its fifth decline in the past six days.
Similarly, the NSE Nifty fell 88.30 points or 0.5% to end at 17,415.05.
On the Sensex chart, Maruti, Infosys, Tech Mahindra, ITC, Reliance, L&T, UltraTech Cement and HDFC were the major losers, falling up to 2.62%.
On the other hand, ICICI Bank, NTPC, Kotak Bank, Bajaj Finance and PowerGrid closed with gains.
22 of the constituents of the Sensex closed in the red.
Elsewhere in Asia, stock markets closed with moderate to deep losses, tracking a rise in US bond yields and volatility in global crude oil prices in the wake of price-cooling efforts by the US and other countries.
Offloading of shares by foreign institutional investors continued on Tuesday as they sold shares worth ₹4,477.06 crore on a net basis.
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