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Sensex, Nifty fall for second day; ONGC, Sun Pharma, Power Grid top losers

Most Asian markets traded weak after the overnight fall in the US markets

Sensex, Markets, Investor wealth
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On Thursday, the Sensex ended 338 points, or 0.7 per cent lower at 49,565, the Nifty fell 124 points, or 0.83 per cent, to close at 14,906

Sundar Sethuraman Mumbai
Domestic indices fell for the second day on Thursday in a row as global investor sentiment remained feeble on concerns of accelerating inflation. Most Asian markets traded weak after the overnight fall in the US markets.

The minutes of the US Federal Reserve meeting spooked investors as well, as it revealed that some Fed officials were open to discussing tapering of the US bond buying programme. The rout in the cryptocurrencies market also weighed on sentiment.

On Thursday, the Sensex ended 338 points, or 0.7 per cent lower at 49,565, the Nifty fell 124 points, or 0.83 per cent, to close at