Market declines due to foreign investor selling, weak quarter earnings
At the close, the Sensex fell by 1.2 per cent or 942 points to 78782.24, while the Nifty dropped 1.27 per cent or 309 points to 23995.35.
Indian markets maintained the green during the intra-day trade on Wednesday. The rise was led by gains in banks as well as in the financial sector stocks amid supportive global markets.
The Sensex was up around 66.01 points, or 0.17 percent to 38,572 at 1215 hours. Similarly, the Nifty rose 26.50 points or 0.23 per cent to 11,454.
Top gainers in the Sensex pack included Bajaj Finance (2.64%), Coal India (2.04%), ICICI Bank (1.45%), Bajaj Auto (1.20%), HDFC Bank (1%).
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On the other hand the companies that fell are—Hero MotoCorp (-2.08 %), Vedanta (-1.95%), Hindalco (-1.97%), Adani Ports (-1.86%), GAIL (-1.17%).
On Tuesday, the BSE barometer closed 291.62 points, or 0.76 per cent, higher at 38,506.09, while the Nifty rose 87.15 points, or 0.77 per cent, to settle at 11,428.30.
Foreign Institutional Investors (FIIs) continued to be net buyers in the financial market, Rs 436.02 crore was infused on Tuesday. The Domestic Institutional Investors offloaded stocks worth Rs 929.39 crore in the previous session, the data available with the stock exchange showed.
(With input from agencies)
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