Indices recoil for fourth day; RIL, banks skid

Mumbai, March 17 Equity indices wilted under selling pressure for the fourth straight session on Wednesday, weighed by selling in RIL and banking stocks, amid lacklustre trade in global markets ahead of the US Federal Reserve’s policy decision. A flat...

Tribune Web Desk

Updated At : 01:01 PM Mar 18, 2021 IST

Mumbai, March 17

Equity indices wilted under selling pressure for the fourth straight session on Wednesday, weighed by selling in RIL and banking stocks, amid lacklustre trade in global markets ahead of the US Federal Reserve’s policy decision.

A flat rupee and rising Covid cases in multiple states also sapped risk appetite, traders said. After a volatile session, the Sensex ended 562.34 points lower at 49,801.62. Similarly, the Nifty slumped 189.15 points to finish at 14,721.30.

ONGC was the top loser in the Sensex pack, declining 4.95%, followed by NTPC, Sun Pharma, SBI, IndusInd Bank, Reliance Industries, Bajaj Auto and Dr Reddy’s. — PTI