BSE Sensex and NSE Nifty50 ended Wednesday on a lower note, after two straight sessions of gains, with the RBI’s 25-basis-point repo rate increase and its shift to a “calibrated tightening” stance weighing on sentiment.
The 30-share BSE Sensex fell 429.11 points, or 0.59%, to 72,638.70, with 26 constituents closing lower and four higher.
The index had declined as much as 599.09 points, or 0.81%, to 72,468.72 during the session.
The NSE Nifty declined 173.05 points, or 0.76%, to 22,603.05. Rising crude oil prices and persistent foreign fund outflows also affected sentiment. Among Sensex stocks, Titan, Bharat Electronics, Asian Paints, Infosys, Larsen & Toubro and Adani Ports were among the major laggards, while Kotak Mahindra Bank, Bharti Airtel, ICICI Bank and Bajaj Finance gained.