Sensex closes on 21-month low on Wednesday
The BSE Sensex slipped 262.08 points at 23758.90 and the NSE Nifty was down down 82.50 points at 7215.70.
Banking and realty stocks put up a disappointing performance on Wednesday.
Some of the leading companies that saw a decline in share prices were SBI, HDFC, Axis Bank, Tata Motors, Adani Ports, Cipla, Dr Reddy’s, Lupin, ONGC, and Hero MotoCorp.
The stocks that posted gains included Coal India, L&T, Maruti, RIL, M&M, Infosys and Tata Steel.
Global investors are focusing on US Fed chief Janet Yellen's testimony in front of US lawmakers on Wednesday.
According to media reports, the international market has expressed concern about the Fed's ability to raise interest rates this year in the wake of market volatility and weakness in the global economy.
Image: Wikimedia Commons
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