Markets Edge Down In Dreary Session

Mumbai: Equity benchmark indices Sensex and Nifty closed moderately lower on Wednesday due to heavy selling pressure in IT, telecom, and realty stocks amid growing concerns over a possible global economic slowdown.

The 30-share BSE Sensex fell 72.56 points or 0.10 per cent to close at 74,029.76. During the session, it tumbled 504.16 points or 0.68 per cent to touch a low of 73,598.16. Similarly, the NSE Nifty slipped 27.40 points or 0.12 per cent to end at 22,470.50. In the session, it fell 168.35 points or 0.74 per cent to hit an intraday low of 22,329.55.

From the Sensex pack, Infosys, Tech Mahindra, Nestle India, Tata Consultancy Services, HCL Technologies, Asian Paints, Axis Bank, Zomato, Hindustan Unilever, and Bharti Airtel were among the laggards.