Markets fall for 2nd day on foreign fund outflows

Mkts decline 2nd day on Fed rate decision; Sensex down 283 pts, Nifty 90 pts. GST collections at ₹1.72 lakh cr, Oct PMI at slowest rate in yr. Asian mkts mixed, Europe & US in green. FIIs offloaded equities worth ₹696.02 cr. Sun Pharma, Bajaj Finserv, Reliance, SBI & Airtel gainers; Asian Paints, Tata Steel, HCL Tech, Nestle, Maruti, JSW Steel, NTPC & L&T laggards.

Equity benchmark indices Sensex and Nifty declined for the second day in a row on Wednesday amid unabated foreign fund outflows.

Investors preferred to remain on the sidelines ahead of the U.S. Federal Reserve's interest rate decision, traders said.

The 30-share BSE Sensex declined 283.60 points or 0.44 per cent to settle at 63,591.33. During the day, it fell 324.47 points or 0.50 per cent to 63,550.46.

The Nifty went down by 90.45 points or 0.47 to 18,989.15.

Among the Sensex firms, Asian Paints, Tata Steel, HCL Technologies, Nestle, Maruti, JSW Steel, NTPC and Larsen & Toubro were the major laggards.

Sun Pharma, Bajaj Finserv, Reliance Industries, State Bank of India and Bharti Airtel were the gainers.

In Asian markets, Seoul, Tokyo and Shanghai settled in the green while Hong Kong ended lower.