Indian Stock Markets on Wednesday ended the day in losses with both the indices traded in red after falling from day's high due. Markets reacted due to multiple reasons including profit booking and foreign investors selling as well as the rising crude oil prices.
\n\nOil prices rose to about $107 a barrel as traders weighed supply risks from fighting between Yemen's Iran-allied Houthis and Saudi Arabia.
\n\nAt close, Sensex was down by 251.89 points or 0.34% at 72,781.89 while Nifty was at 22,622.70, down by 99.25 points or 0.44%.
\n\nIndian rupee ended 13 paise higher at 95.15 per dollar against the previous close of 95.28.
\n\nProfit booking also remained one of the key reasons behind the declined in the markets. Profit booking was seen after markets rose for 1.6% in the previous session.
\n\nFIIs continue to extend their selling streak to 13 consecutive sessions. Foreign investors recorded net sales of approximately Rs 1,305 crore, though the pace of outflows moderated.
\n\nVinod Nair, Head of Research, Geojit Investments Limited said, "Indian equities witnessed a volatile session as profit booking emerged after recent gains, with investors turning cautious ahead of key U.S. inflation data. Sentiment found some support from easing intraday crude…
Original source: https://www.timesnownews.com/business-economy
