The Continuing the XYZ-day losing streak, the S&P BSE Sensex lost 242.88 points, or 0.95 per cent, to settle at 25,453.56 on Wednesday despite a promising start in the morning trade triggered by the government move to do away with the retrospective minimum alternate tax (MAT) on foreign portfolio investors.
The broader 50-share Nifty pack fell 68.85 points, or 0.88 per cent, to close the session at 7,717.
23 of the 30 Sensex stocks ended the day in the negative terrain. BHEL was the top Sensex loser, down about 5 per cent.
Major European markets were trading mixed. France's CAC40 was down 0.4 per-cent, Britain's FTSE 100 and German DAX were trading flat with a
positive bias.
Earlier in the day, most Asian markets ended in the negative terrain. China's Shanghai Composite lost 0.2 per cent, or 6.46 per cent to close at 3,160.17. Japan's Nikkei fell 70.29 points, or 0.39 per cent, to close at 18,095.40.
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