<p>Benchmark indices ended nearly 1 per cent lower on Wednesday, tracking a weak trend in global markets and continuous foreign fund outflows.</p>.<p>The 30-share BSE Sensex fell 509.24 points or 0.89 per cent to settle at 56,598.28. During the day, it tanked 621.85 points or 1.08 per cent to 56,485.67.</p>.<p>Similarly, the broader NSE Nifty declined 148.80 points or 0.87 per cent to end at 16,858.60.</p>.<p>Among the 30-share Sensex pack, ITC, Axis Bank, Reliance Industries, Tata Steel, IndusInd Bank, State Bank of India, HDFC and HDFC Bank were the major laggards.</p>.<p>Asian Paints, Sun Pharma, Dr Reddy's and Power Grid were among the winners.</p>.<p>Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended sharply lower.</p>.<p>Stock exchanges in Europe were trading lower in mid-session deals. The US markets ended on a mixed note on Tuesday.</p>.<p>"Investors continue to be sceptical of the domestic market's higher premium amid the ongoing global deceleration while foreign investors are fleeing emerging economies in search of safer havens.</p>.<p>"Although the domestic economy is buoyed by solid fundamentals, the stock market's appetite for risk has been hindered by the rising worries of a worldwide recession," Vinod Nair, Head of Research at Geojit Financial Services, said.</p>.<p>Meanwhile, the international oil benchmark Brent crude dipped 0.08 per cent to USD 86.20 per barrel.</p>.<p>Foreign institutional investors offloaded shares worth Rs 2,823.96 crore on Tuesday, according to data available with BSE.</p>
<p>Benchmark indices ended nearly 1 per cent lower on Wednesday, tracking a weak trend in global markets and continuous foreign fund outflows.</p>.<p>The 30-share BSE Sensex fell 509.24 points or 0.89 per cent to settle at 56,598.28. During the day, it tanked 621.85 points or 1.08 per cent to 56,485.67.</p>.<p>Similarly, the broader NSE Nifty declined 148.80 points or 0.87 per cent to end at 16,858.60.</p>.<p>Among the 30-share Sensex pack, ITC, Axis Bank, Reliance Industries, Tata Steel, IndusInd Bank, State Bank of India, HDFC and HDFC Bank were the major laggards.</p>.<p>Asian Paints, Sun Pharma, Dr Reddy's and Power Grid were among the winners.</p>.<p>Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended sharply lower.</p>.<p>Stock exchanges in Europe were trading lower in mid-session deals. The US markets ended on a mixed note on Tuesday.</p>.<p>"Investors continue to be sceptical of the domestic market's higher premium amid the ongoing global deceleration while foreign investors are fleeing emerging economies in search of safer havens.</p>.<p>"Although the domestic economy is buoyed by solid fundamentals, the stock market's appetite for risk has been hindered by the rising worries of a worldwide recession," Vinod Nair, Head of Research at Geojit Financial Services, said.</p>.<p>Meanwhile, the international oil benchmark Brent crude dipped 0.08 per cent to USD 86.20 per barrel.</p>.<p>Foreign institutional investors offloaded shares worth Rs 2,823.96 crore on Tuesday, according to data available with BSE.</p>