Selling in Indian stocks continued for the fourth consecutive session on Wednesday. BSE Sensex was trading at 73,201 points with a fall of 309 points.
The benchmark indices have closed in the red for three consecutive sessions. Indian markets are in decline due to massive FII selling and increasing volatility. On Tuesday, FIIs sold equity worth Rs 3668 crore. India's volatility index has increased in the last few days.
Consumer shares led the Sensex decline, with Asian Paints and Hindustan Unilever falling more than 2 per cent each.
Private sector banks were also weak, with HDFC Bank, IndusInd Bank and ICIC Bank falling more than 1 per cent each.
Among other stocks, HCL Tech, UltraTech Cement and L&T are down more than per cent. Large cap stocks are suffering the brunt of FII selling. The broader market had underperformed the benchmark indices on Tuesday.
PSU stocks are gaining, REC is up 5 per cent, NBCC and PFC are up 4 per cent each.
The benchmark indices have closed in the red for three consecutive sessions. Indian markets are in decline due to massive FII selling and increasing volatility. On Tuesday, FIIs sold equity worth Rs 3668 crore. India's volatility index has increased in the last few days.
Consumer shares led the Sensex decline, with Asian Paints and Hindustan Unilever falling more than 2 per cent each.
Private sector banks were also weak, with HDFC Bank, IndusInd Bank and ICIC Bank falling more than 1 per cent each.
Among other stocks, HCL Tech, UltraTech Cement and L&T are down more than per cent. Large cap stocks are suffering the brunt of FII selling. The broader market had underperformed the benchmark indices on Tuesday.
PSU stocks are gaining, REC is up 5 per cent, NBCC and PFC are up 4 per cent each.
