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Indian benchmark indices fell for the second consecutive day on Wednesday

| | Feb 25, 2016, at 01:54 am
Mumbai, Feb 24 (IBNS) Weak global cues on the back of a steep fall in oil prices forced the Indian benchmark indices to their second successive day of decline on Wednesday.

Sensex dropped 321 points to close at 23,089 and Nifty shed 91 points to 7,019.

Investors chose to sell following media reports that European markets opened on a weak note on Wednesday.

The worst hit were metal stocks.

Banking, pharma, FMCG, capital goods and auto indices also ended lower.

The stocks that ended on a losing note included BHEL, Tata Motors, Hindalco, Vedanta, Cairn India, HDFC, ICICI Bank, Bajaj Auto and ONGC.

The list of gainers included Bharti Airtel, Reliance Industries, M&M and HUL.

 

Image: Wikimedia Commons
 

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