In response to heavy selling pressure in banking and oil stocks, benchmark indices Sensex and Nifty experienced a significant drop of over 1% on Wednesday. This decline mirrored weak global trends as investors awaited the decision on interest rates from the US Federal Reserve.
For the second consecutive day, the 30-share BSE Sensex faced a notable decrease of 796 points or 1.18%, closing at 66,800.84. At its lowest point during the day, it plummeted by 868.7 points or 1.28% to 66,728.14.
Similarly, the NSE Nifty witnessed a decline of 231.90 points or 1.15%, concluding below the crucial 20,000 level at 19,901.40.
