Indian stock indices sharply declined on Wednesday, extending losses from the previous session due to weak overnight US markets, rising crude oil prices worldwide, and a stronger US dollar.
Sensex was at 67,213.98 points, down 382.87 points or 0.57 per cent, and Nifty was at 20,024.60 points, down 108.70 points or 0.54 per cent at the opening bell. India stock exchanges were closed yesterday for trading on the occasion of Ganesh Chaturthi.
On Monday, Indian stock indices closed in the red, with the benchmarks largely witnessing profit booking. Investors may have taken some money off the table after the indices hit their fresh highs last week.