The BSE Sensex closed 274.71 points down at 35,199.80, while the Nifty 50 ended 56.15 points lower at 10,600.05. Here are the highlights from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 fell for a second session on Wednesday, tracking losses in Asian markets. Shares of IT companies declined, with Infosys and TCS falling over 3%, following the appreciation of rupee in the past six sessions. Oil marketing companies advanced after crude oil prices slumped over 6% on Tuesday. However, Oil prices clawed back some of the previous day’s losses, supported by a drop in US crude inventories. Record crude imports by India of almost 5 million bpd also supported oil prices.

3.37 pm IST
Closing bell: Sensex, Nifty fall for 2nd day
The BSE Sensex closed 274.71 points, or 0.77%, down at 35,199.80, while the Nifty 50 ended 56.15 points, or 0.53%, lower at 10,600.05. Intraday, the Sensex fell as much as 362 points to 35,112.49, and the Nifty 50 declined 93.85 points to 10,562.35.

3.25 pm IST
Gold prices fall for third straight day
Gold prices fell for the third consecutive day and were down Rs 50, tracking a weak global trend amid weak demand from local jewellers. The precious metal has lost Rs 150 in the past two days. Silver also dropped by Rs 100. In Delhi, gold rates of 99.9% and 99.5% purity declined by Rs 50 each to Rs 31,950 and Rs 31,800 per 10 gram, respectively. Silver ready ended Rs 100 down at Rs 37,800 per kg, while weekly-based delivery lost Rs 183 at Rs 36,586 per kg.

3.15 pm IST
FPIs pull out $900 million in Sept quarter
Foreign investors continued their selling spree in the September quarter, withdrawing $900 million from the Indian equity market on widening current account deficit due to a surge in oil prices and depreciating rupee. During the April-June quarter, FPIs sold equities worth $3.04 billion, according to Morningstar Investment Adviser India. On a month-on-month basis, FPIs were net buyers of equities worth $330 million in July and $260 million in August. However, they turned net sellers of $1.49 billion in September.

source: livemint.com