Indian equities declined on Wednesday for the second consecutive day led by banking and automobile stocks. The Nifty closed at 8,925.30, down by 68.55 points, or 0.76%. The 30-share Sensex declined 310.21 points, or 1.01%, to close at 30,379.81. The broader markets, however, ended the day in the green with the Nifty Midcap Index and the Nifty Smallcap Index, gaining 1.28% and 1.26%, respectively.
The markets started the early hour of trade on a positive note with where the Nifty50 touched a high of 9,261.2, but gave up its gains after the European markets started their day lower.
Nifty50 closed lower at 8925.30 level, -68.55 points, or -0.76 per cent. Nifty Support : 8850 and 8800 Resistance : 9000 and 9050.
