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Equity benchmarks declined on January 19 after a two-day rally, reflecting a weak trend in US markets and fresh foreign fund outflows.
Weak US consumer data and hawkish comments from the Fed’s policy makers dragged down the markets.
The 30-share BSE Sensex closed at 60,858.43, down 187.31 points or 0.31%. During the day, it fell 329.19 points, or 0.53%, to 60,716.55.
The broader NSE Nifty closed 57.50 points, or 0.32%, down at 18,107.85.
From the Sensex pack, Asian Paints, Tata Motors, IndusInd Bank, Kotak Mahindra Bank, Hindustan Unilever, Titan, UltraTech Cement, Bajaj Finserv, ITC and Nestle were the biggest laggards.
Tata Steel, Power Grid, Tech Mahindra, Axis Bank, HDFC Bank and Larsen & Toubro were among the gainers.
Elsewhere in Asia, bourses in Tokyo and Hong Kong closed lower, while Seoul and Shanghai ended in the green.
European benchmarks were trading in the red during the mid-session deals. Markets in the US closed with losses on Wednesday.
Vinod said, “Domestic indices gave up their previous gains amid negative sentiments from their global counterparts. On Wednesday, weak US consumer data and accommodative comments from Fed policymakers dampened investors’ risk appetite. Fear pulled global markets down, making markets volatile.” Nair, head of research, Geojit Financial Services.
Foreign institutional investors (FIIs) were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 319.23 crore, according to exchange data.
International oil benchmark Brent crude fell 0.68% to $84.40 a barrel.