Sensex, Nifty continue downward spiral amid foreign fund outflows

LOSSES EXTEND INTO 3RD SESSION; ALL EYES ON US FED'S DECISION

MUMBAI: Equity benchmark indices Sensex and Nifty stayed on the back foot for the third straight session on Wednesday as investors offloaded utility, capital goods and metal stocks amid foreign fund outflows.

Besides, investor sentiment remained subdued ahead of the outcome of the US Federal Reserve's policy meeting, traders said.

The 30-share BSE benchmark tumbled 502.25 points or 0.62 per cent to settle at 80,182.20, taking its downtrend to the third day. During the day, it tanked 634.38 points or 0.78 per cent to 80,050.07.

As many as 2,563 stocks declined while 1,442 advanced and 94 remained unchanged on the BSE. The NSE Nifty declined 137.15 points or 0.56 per cent to 24,198.85.