Overhang of rising probability that the US Federal Reserve may soon start withdrawing its liquidity support
Hang Seng closed 2.13% or 550 points down at 25316.33. Likewise, Nikkei and Shanghai settled 1.10% and 0.57% down at 27281 and 3,465, respectively
Sensex updates: Returns from current levels will be more calibrated and focus on quality and value will yield sustainable returns
UltraTech Cement, Bajaj Finance, HDFC Bank were the top Sensex gainers.
Overseas, Asian stocks traded mixed on Wednesday as investors reacted to the Reserve Bank of New Zealand's interest rate decision.
Experts say, Nifty could continue to rise gradually but the broader markets could take time to complete their correction
Foreign portfolio investors (FPIs) sold shares worth Rs 1,088.32 crore, while DIIs were net buyers to the tune of of Rs 506.21 crore on August 16.
Retail sales in China rose 8.5% in July as compared with a year ago, according to official data released Monday.
For quite some time we have been maintaining our cautious stance on the markets
Ample liquidity in the system, record participation of retail investors, improving macros and earnings are set to provide further push to markets