Sensex resumes downward spiral; Bajaj Finance cracks 5%

Equity benchmark BSE Sensex resumed its downward march on Wednesday, closing 174 points in the red as risk sentiment remained subdued following a lacklustre start to the earnings season.

Investors were also spooked after US President Donald Trump Tuesday launched a fresh attack on India over its tariffs on American imports, traders said.

Unabated foreign fund outflows, weak auto sales data and a depreciating rupee further weighed on the bourses, they added.

After swinging nearly 400 points during the day, the 30-share Sensex settled 173.78 points or 0.45 per cent lower at 38,557.04. Similarly, the broader NSE Nifty ended 57 points, or 0.49 per cent, lower at 11,498.90, marking its fourth straight day of losses.

Bajaj Finance was the biggest loser in the Sensex pack, cracking 4.91 per cent.

Bombay Stock Exchange - BSE

National Stock Exchange of India Ltd (NSE)