Benchmarks recoil for 4th day ahead of Fed decision; RIL, banks skid

Equity indices wilted under selling pressure for the fourth straight session on Wednesday, weighed by selling in RIL and banking stocks, amid lacklustre trade in global markets ahead of the US Federal Reserve's policy decision.

Equity indices wilted under selling pressure for the fourth straight session on Wednesday, weighed by selling in RIL and banking stocks, amid lacklustre trade in global markets ahead of the US Federal Reserve's policy decision. After a volatile session, the 30-share BSE Sensex ended 562.34 points or 1.12 per cent lower at 49,801.62. A flat rupee and rising COVID-19 cases in multiple states also sapped risk appetite, traders said. Similarly, the broader NSE Nifty slumped 189.15 points or 1.27 per cent to finish at 14,721.30.