Mumbai, Jan 21 || Indian equity benchmark indices ended lower on Wednesday for the third straight session, weighed down by rising geopolitical tensions that kept investors cautious.
The Sensex closed at 81,909.63, slipping 270.84 points or 0.33 per cent. Meanwhile, the Nifty settled at 25,157.5, down 75 points or 0.3 per cent.
“A sustained break below 25,130 could reopen downside toward 24,920–24,900,” a market expert said.
“At this stage, price action reflects consolidation after exhaustion, not a confirmed trend reversal, with the index posting its fourth consecutive weak close,” the analyst mentioned.
Selling pressure was seen in several heavyweight stocks on the BSE. Shares of ICICI Bank, Trent, BEL, Axis Bank and L&T emerged as the top drags on the index.
On the other hand, buying interest was visible in stocks such as Eternal, UltraTech Cement, Adani Ports and IndiGo, which helped limit deeper losses.