Sensex Closing Bell: Stock market fell for the second consecutive day, Sensex weakened by 286 points, Nifty near 19450.

Sensex Closing Bell: The 30-share Sensex of the Bombay Stock Exchange closed at 65,226 points, down 286 points or 0.44 per cent. National Stock Exchange's Nifty also fell 93 points or 0.47 per cent to close at 19,436 points.

Indian stock markets closed down for the second consecutive day on Wednesday amid US Treasury yields hitting a new 16-year high and negative global cues. Global stock markets are being affected by fears of higher interest rates for a more extended period. Meanwhile, the market cap of all BSE-listed companies declined by Rs 2.49 lakh crore to Rs 316.72 lakh crore.

The 30-share Bombay Stock Exchange Sensex closed at 65,226 points, down 286 points or 0.44 per cent. National Stock Exchange's Nifty also fell 93 points or 0.47 per cent to close at 19,436 points. With this, the stock market fell to its lowest level in more than a month. Among Sensex companies, Axis Bank declined by 4.7 percent, and State Bank of India declined by 2.9 percent. Shares of IndusInd Bank, NTPC, UltraTech Cement and Bajaj Finserv also remained in the red. On the other hand, Nestle, Hindustan Unilever, HDFC Bank, TCS and Infosys closed with gains.
11 of the 13 major sectoral indices declined, with index heavyweight banks falling 0.98%. Public sector banks and realty declined by 2.83% per cent and 1.73 per cent, respectively. More domestically concentrated small and mid-caps declined between 1.25% and 1.5% against blue chips.