Sensex falls 153 factors in early commerce; Nifty slips beneath 15,700

Equity benchmark indices remained on the backfoot for the fourth straight day on Wednesday, with the Sensex falling 153 factors in early commerce amid combined world cues and unabated international capital outflows.

The BSE benchmark was buying and selling 153.25 factors decrease at 52,540.32 in early commerce. The Nifty declined by 39.55 factors to fifteen,692.55. From the Sensex pack, Hindustan Unilever, Reliance Industries, Bharti Airtel, HDFC and Nestle have been the main laggards.

On the opposite hand, Bajaj Finserv, M&M, Tata Steel and Bajaj Finance have been among the many gainers.

Elsewhere in Asia, markets in Seoul and Tokyo have been buying and selling decrease, whereas Shanghai and Hong Kong quoted within the inexperienced throughout mid-session offers.

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Stock exchanges within the US ended on a combined word within the in a single day session. In the earlier session, the 30-share BSE benchmark dropped 153.13 factors or 0.29 per cent to settle at 52,693.57.

The NSE Nifty declined by 42.30 factors or 0.27 per cent to finish at 15,732.10.

“All eyes will be on the FOMC (Federal Open Market Committee) June policy meeting outcome with a focus on the magnitude of the rate increase. Also, FII selling in the domestic market and crude oil prices above USD 121.3 a barrel will continue to weigh on investors’ sentiment,” mentioned Prashanth Tapse, Vice President (Research), Mehta Equities Ltd.

Meanwhile, worldwide oil benchmark Brent crude gained 0.12 per cent to USD 121.35 per barrel. Foreign institutional buyers (FIIs) remained web sellers within the capital market, as they offered shares price Rs 4,502.25 crore on Tuesday, as per alternate information.