Infosys was the biggest loser among the Sensex stocks.
Equity benchmarks Sensex and Nifty were down nearly 1% on Wednesday mainly due to sharp fall in IT, banking and FMCG stocks on concerns of rate hike following a global fall in equities.
The 30-share BSE Sensex ended 656.04 points or 1.08% lower at 60,098.82, with 23 of its constituents ending in the red.
The broader NSE Nifty ended 174.65 points or 0.96% lower at 17,938.40 as 35 of its shares closed with losses.
Infosys fell the most among Sensex stocks, down 2.85%. Other IT stocks fell 1.87 per cent in TCS, 1.52 per cent in Wipro and 1.70% in HCL Tech.
Asian Paints fell 2.71%, HUL 2.41%, Bajaj Finance 2.07% and Kotak Bank 1.86%.
Foreign investors remained net sellers in the Indian equity markets as they sold shares worth ₹1,254.95 crore on Tuesday, according to stock exchange data.
Asian stock markets tumbled, with Tokyo’s Nikkei 225 falling nearly 3% after losses on Wall Street.
Australia’s S&P/ASX 200 fell 1% to 7,332.50. South Korea’s Kospi closed 0.8%, the Shanghai Composite down 0.3% at 3,558.18. Hong Kong’s Hang Seng closed with gains.
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