Indian stocks concluded a volatile trading session slightly lower on Wednesday. This outcome was influenced by unstable worldwide sentiment responding to escalating geopolitical tensions and fading hopes of an early interest rate reduction in the U.S.
Investors paid keen attention to the crude oil prices as an increase would bring about more risks to the inflation and interest rate forecast. Other areas of focus were the imminent monetary policy meeting by the Reserve Bank of India (RBI) and the fourth-quarter corporate earnings season.
The standard S&P BSE Sensex closed the trading session down by 27.09 points at 73,876.82, amid a global surge in bond yields and uncertainties over a potential fall in U.S. rates this year.
Furthermore, the broader NSE Nifty index settled at 22,434.65, having fallen 18.65 points from its last closing figure.
In terms of individual stocks, Nestle India led the decline, closing 2.6 percent lower. Other companies like Britannia Industries, Kotak Mahindra Bank, Dr Reddy's Laboratories, and Bajaj Auto also experienced falls between 1 to 2 percent.
On the other side of the spectrum, Shriram Finance headed the winners list with an increase of 3.7 percent while Tech Mahindra, TCS, Divis Laboratories, and NTPC all enjoyed a roughly 2 percent uptick.
