Indian Equity Benchmarks Extend Decline Amid Profit Booking and Rising Oil Prices

Economic Times Markets · stocks

Indian equity benchmarks continued their downward trend on Wednesday, influenced by profit booking at higher levels and a rebound in oil prices. The Nifty 50 closed down 95.75 points at 22,620.45, while the BSE Sensex fell 48.78 points to 72,480.29. The broader market showed resilience, with smallcap and midcap indices posting modest gains. Market breadth favoured declines, with more stocks ending lower than higher on the NSE. The India VIX, a volatility measure, saw a slight increase.