Due to a sharp jump in global crude oil prices and sluggish global market trends, on Wednesday equity benchmark indices Sensex and Nifty fell nearly 1 per cent.
Traders said that Selling pressure in banking, financial services and energy stocks also pulled the benchmarks lower.
After a day’s breather, the 30-share BSE Sensex fell 551.07 points, or 0.83 per cent, to end at 65,877.02. It slid 585.99 points, or 0.88 per cent, during the day to 65,842.10.
The Nifty dropped 140.40 points or 0.71 per cent to 19,671.10.
Among the Sensex companies, Bajaj Finance fell by nearly 3 per cent, the most among the 30 frontline companies.
The major laggards are Bajaj Finserv, Axis Bank, HDFC Bank, Reliance Industries, NTPC, ICICI Bank and IndusInd Bank.
In contrast, Tata Motors, Sun Pharma, Maruti and Mahindra & Mahindra were the gainers.
In Asian markets, Shanghai and Hong Kong ended in negative territory while Seoul and Tokyo settled in the green.
European markets were trading lower. The US markets closed on a mixed note on Tuesday.
Global oil benchmark Brent crude rose 3.36 per cent to USD 92.92 a barrel.
According to the exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 263.68 crore on Tuesday.
