India’s benchmark indices declined sharply on Wednesday after the Reserve Bank of India decided to keep its interest rates unchanged.
The BSE Sensex, which had declined by over 100 points in the morning session, fell further to close 205.26 points down at 32,597.18. The NSE Nifty closed 74.15 points lower at 10,044.10.
The worst performers on the Sensex were Sun Pharma, State Bank of India, ICICI Bank, HDFC and Tata Motors DVR. On the Nifty, the stocks that declined the most were Bosch, Hindalco, Eicher Motors, Aurobindo Pharmaceuticals and Vedanta.
The top gainers on the BSE were Reliance Industries, Maruti Suzuki, Hindustan Unilever, Infosys and BHEL. On the NSE, the top five performers were Tech Mahindra, Reliance Industries, Maruti Sukuzi, HCL Technologies and Hindustan Unilever.
All the major Asian markets also lost heavily on Wednesday. The Hong Kong Hang Seng fell by 2.14%, Japan’s Nikkei 225 by nearly 2% and the Taiwan index by 1.64%. The Shanghai SE Composite Index closed almost flat at 9.71 points down.
The Indian rupee was trading 12 paise lower, at 64.50 to the United States dollar at 3.57 pm.