Equity benchmarks remained lackluster for the second consecutive session Wednesday and closed lower amid mixed global cues as investors maintained cautious stance ahead of the minutes of the US Federal Reserve's latest policy meeting later today. Lack of domestic cues also caused the listless trade.
The 30-share BSE Sensex was down 59.24 points at 28005.37 and the 50-share NSE Nifty fell 18.50 points to 8624.05.
However, the broader markets outperformed benchmarks on consistent inflow of foreign money and partially supported by positive breadth. About 1455 shares advanced against 1258 declining shares on the BSE.
FIIs bought more than Rs 7,000 crore worth of shares in August, taking the total inflow of foreign money to more than Rs 53,000 crore since March.
"Bias is still positive but since we're closer to the F&O expiry week, traders should maintain cautious approach especially in index trades," Jayant Manglik of Religare Securities said.
Globally investors closely watched the release of minutes of US Federal Reserve for direction of further rate hike.
"Comments from Fed presidents playing up chances of even a September US rate hike, kept global markets on a watch mode, especially with FOMC minutes due for release later in the day," Anand James of Geojit BNP Paribas Financial Services said.
The 30-share BSE Sensex was down 59.24 points at 28005.37 and the 50-share NSE Nifty fell 18.50 points to 8624.05.
However, the broader markets outperformed benchmarks on consistent inflow of foreign money and partially supported by positive breadth. About 1455 shares advanced against 1258 declining shares on the BSE.
FIIs bought more than Rs 7,000 crore worth of shares in August, taking the total inflow of foreign money to more than Rs 53,000 crore since March.
"Bias is still positive but since we're closer to the F&O expiry week, traders should maintain cautious approach especially in index trades," Jayant Manglik of Religare Securities said.
Globally investors closely watched the release of minutes of US Federal Reserve for direction of further rate hike.
"Comments from Fed presidents playing up chances of even a September US rate hike, kept global markets on a watch mode, especially with FOMC minutes due for release later in the day," Anand James of Geojit BNP Paribas Financial Services said.
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