30 September,2026 04:55 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
Domestic equity benchmark indices extended their losses for the third consecutive day on Wednesday amid geopolitical uncertainties, elevated crude oil prices, higher global bond yields and foreign fund outflows that dampened investor sentiment.
"Benchmark indices witnessed a decline from the day's highs and closed near the day's lows as the market remained volatile at the start of the new series. Continued global uncertainty and an intraday spike in Brent crude oil prices kept investor sentiment cautious," Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking said.
The indices pared their intraday gains, as the 30-share BSE Sensex slipped 48.78 points, or 0.07 per cent, to settle at 72,480.29, while the 50-share NSE Nifty dropped 95.75 points, or 0.42 per cent, to end at 22,620.45.
In the morning trade, the Sensex and Nifty were trading in the positive territory and during the day the Sensex had advanced 533.16 points.
"The relief rally loses its steam with profit booking at the higher levels, followed by a rebound in oil prices. The elevated global bond yields continue to remain a key overhang, limiting the scope for sustained risk-taking," Vinod Nair, Head of Research, Geojit Investments said.
Among the 30 Sensex constituents, Kotak Mahindra Bank, ICICI Bank, InterGlobe Aviation, Axis Bank and Ultra Tech Cement were among the winners. Eternal, Sun Pharma, Titan, Adani Ports, Tata Steel and HDFC Bank were among the major laggards.
"Among the sectors, the media index outperformed, rallying 2.63 per cent, while the healthcare index was the worst performer, shedding 2.50 per cent," Shrikant Chouhan, Head Equity Research, Kotak Securities said.
On Tuesday, the Sensex declined 242.65 points, or 0.33 per cent, to settle at 72,529.07, while Nifty slid 64.05 points, or 0.28 per cent, to end at 22,716.20.
Brent crude, the global oil benchmark, was up 0.54 per cent to USD 103.1 per barrel, according to news agency PTI.
"The overall market tone remains cautious; investors continue to monitor the trajectory of crude oil prices, bond yields, inflation expectations, and the potential implications for global monetary policy," Nair said.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 9,980.22 crore on Tuesday, according to exchange data.
In Asian markets, South Korea's Kospi ended lower, while Shanghai's SSE Composite index, Japan's Nikkei 225 and Hong Kong's Hang Seng index settled higher.
(With inputs from PTI)
