Benchmark indices Sensex and Nifty declined in early deals on Wednesday as higher crude oil prices and selling in bank stocks hit investors\u2019 sentiment.<\/p>\n
The 30-share BSE Sensex declined 403.54 points to 77,066.06 in early trade, taking the donwtrend to the third day running. The 50-share NSE Nifty edged lower by 114.75 points to 24,070.05.<\/p>\n
From the Sensex pack, InterGlobe Aviation, Axis Bank, State Bank of India, Sun Pharma, Adani Ports, UltraTech Cement, HDFC Bank and ICICI Bank were among the major laggards.<\/p>\n
Titan, Eternal, Maruti and Asian Paints were the winners.<\/p>\n
Elevated crude oil prices and persistent geopolitical tensions have tempered risk appetite in the markets, according to an expert.<\/p>\n
Brent crude, the global oil benchmark, quoted 1.15 per cent higher at USD 92.06 per barrel.<\/p>\n
In Asian markets, South Korea\u2019s KOSPI jumped 5.16 per cent. Japan\u2019s Nikkei 225 index and Shanghai\u2019s SSE Composite index were also trading higher, while Hong Kong\u2019s Hang Seng index quoted lower.<\/p>\n
US markets ended higher on Tuesday.<\/p>\n
Foreign Institutional Investors (FIIs) turned buyers on Tuesday. They bought equities worth Rs 1,650.16 crore in the previous trade, according to exchange data.<\/p>\n
On Tuesday, the Sensex declined 238.41 points, or 0.31 per cent, to settle at 77,470.11. The Nifty edged lower by 50.80 points, or 0.21 per cent, to end at 24,187.70.<\/p>\n","protected":false},"excerpt":{"rendered":"
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