Mumbai

Domestic equity markets extended losses for a second consecutive session on Wednesday, with benchmark indices Sensex and Nifty closing lower amid selling pressure in IT, consumption and select banking stocks, dealers said.

The 30-share BSE Sensex slipped 244.98 points, or 0.29 per cent, to close at 83,382.71, after touching an intraday low of 83,185.20. The NSE Nifty declined 66.70 points, or 0.26 per cent, to settle at 25,665.60.

Market sentiment remained cautious due to sustained foreign fund outflows, tariff-related uncertainties and rising geopolitical tensions, traders added.

Among Sensex constituents, TCS, Asian Paints, Maruti Suzuki, Sun Pharma, Hindustan Unilever, ICICI Bank, Kotak Mahindra Bank, Tech Mahindra, HDFC Bank and Larsen & Toubro ended in the red.
Gains were seen in Tata Steel, NTPC, Axis Bank and UltraTech Cement.

Foreign institutional investors sold shares worth Rs 1,499.81 crore on Tuesday, while domestic institutional investors infused Rs 1,181.78 crore, exchange data showed.

Asian markets were largely positive, with gains in Japan, South Korea and Hong Kong, while Shanghai ended lower. European markets traded higher in early deals, whereas US markets closed lower overnight.

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Brent crude slipped 0.99 per cent to USD 64.82 a barrel.