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BSE Sensex ends 1.2 percent down

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Reuters

REUTERS - India's stock markets ended over 1 percent lower on Wednesday, giving up gains from the previous session as wary investors shied away from risky bets on fears that a rate cut in China was not enough to stabilise its slowing economy or halt a collapse in stocks.

The benchmark BSE Sensex ended 1.22 percent lower, while the broader Nifty lost 1.13 percent.

Banking stocks took a beating, with the Bank Nifty falling 1.6 percent.

(Reporting by Karen Rebelo in Mumbai; Editing by Anand Basu)

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First Published: Aug 26 2015 | 4:04 PM IST

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