Indian equity markets fell for the second time in the last three sessions, erasing the gains made on Tuesday.
The S&P BSE Sensex ended 4.1 percent lower at 28,265. The index had gained 3.6 percent on Tuesday. 27 out of the 30 index constituents ended the day with losses.
The NSE Nifty 50 ended 4 percent lower, erasing Tuesday's 3.8 percent surge at 8,253.80. As compared to the Sensex, the Nifty had 4 stocks that ended with gains.
All sectoral indices ended lower, led by the Nifty I.T. index, which fell 5.5 percent. The FMCG and Media index fell over 3 percent while others fell between 1-2 percent.
However, market breadth remained in favour of the advances. 937 stocks ended the day with gains while 822 posted declines.
Shares traded 4.6 percent lower at Rs 281 on the National Stock Exchange.
Shares fell as much as 7.2 percent to Rs 1,844.25 on the National Stock Exchange.
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Here is a look at how indices across Europe are faring:
The stock trades 6.9 percent lower at Rs 184.
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Shares are trading 1.2 percent higher at Rs 1,616, up for the second day in a row.
Shares are trading 2.3 percent lower at Rs 42 on the National Stock Exchange.
Shares are up for the second straight day, but off the day's high at Rs 257.55, up 3.4 percent.
Shares of City Gas Distributors - IGL, MGL and Gujarat Gas too were trading with losses of over 1 percent.
Shares are off the day's high but trade 5.6 percent higher at Rs 326.35 on the National Stock Exchange.
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Shares trade 2.3 percent higher at Rs 4,375 on the National Stock Exchange, snapping a four-day losing streak.
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Shares however have cooled off from their opening highs and trade 2.53 percent higher at Rs 533.45.
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IndusInd Ltd., Mauritius is now a debt free entity, the bank's notice to the exchanges said.
The bank also expressed concerns about the retail unsecured business. “Generally, the recovery infrastructure is set up to handle up to 5-7 percent of default rate, but in times like these, it may rise to 15 percent,” the bank said.
762 stocks have begun the trading day with gains while 613 stocks are declining.
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Find out all that you need to know going into today’s trading session here.
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