The S&P BSE Sensex index ended 340.60 points – or 0.69 per cent – lower at 49,161.81 and the broader NSE Nifty 50 benchmark settled at 14,850.75, down 91.60 points – or 0.61 per cent – from its previous close.
Both indices had risen about 3 per cent in the past four days as investors cheered abundant liquidity and pandemic relief measures.
The sentiment took a hit following declines in Asia on US inflation worries though the domestic benchmarks managed to outperform their global peers, which took much deeper cuts, say analysts.
The Nifty Bank ended 0.81 per cent lower and the Nifty Financial Services gauge slid 1.27 per cent.
JSW Steel was the top loser in the Nifty50 pack, ending 3.38 per cent lower. Hindalco, Kotak Mahindra Bank, HDFC and Divi’s were among other top laggards.
On the other hand, Coal India was the top percentage gainer in the benchmark index, ending 4.32 per cent higher. Indian Oil, NTPC
Asian shares slipped following a weak close on Wall Street overnight, with US inflation expectations surging to their highest in a decade as the economy reopens from pandemic-induced shutdowns.
THIS IS A DEVELOPING STORY. MORE TO COME…
