Sensex falls over 300 points and Nifty ends below 17, 300 dragged by realty, IT, metal

The Indian equity indices settled lower on Wednesday as the markets closed with the realty, IT, metal, and PSU banks sinking. S&P BSE Sensex and NSE Nifty50 dropped for the fourth consecutive day recording a major decline. Some analysts have said that the new investors stayed away amid the ongoing volatility and Indian equities have also witnessed a continued sell-off by overseas investors.

Key Points:

1. The markets witnessed a low trade throughout the session on Wednesday. The Sensex dropped at 57,788 points and Nifty dropped further below to 17,221 points.

2. Both Sensex and Nifty declined by 0.57 per cent and 0.60 per cent from their previous close, respectively.

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3. Financial services, metal, PSU banks' stocks, among others traded in the red. Among stocks, Bajaj Finance, Bajaj Finserv, Adani Ports, ITC, and Power Grid were some of the top losers, NSE data showed.