The Indian benchmark indices closed lower, mirroring global sentiments influenced by the delay in optimism about a US rate cut. Foreign Institutional Investors (FIIs) are shedding positions as yields on US benchmark bonds rise, adding to market uncertainty.
On Wednesday, 2451 stocks advanced, 1343 declined and 90 remained unchanged, with an advance decline ratio of 1.82 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.