Markets decline for second straight day, Nifty slips below 17,900; Paytm may disappoint investors on listing; more

Markets declined for the second straight day. The Sensex ended 300 points lower while Nifty slipped below 17,900 mark on Wednesday due to profit booking in banking, oil & gas and pharma stocks amid lingering worries over inflation.

The 30-share index ended 314.04 points or 0.52 per cent lower at 60,008.33 as 20 of its components ended with losses. The index moved between a high of 60,426.61 and a low of 59,944.77 during the day.
The broader Nifty of the National Stock Exchange declined by 100.55 points or 0.56 per cent to close at 17,898.65.

Axis Bank was the top loser in the Sensex pack, shedding around 2 per cent. Reliance Industries declined by 1.91 per cent, Kotak Bank by 1.51 per cent, Bharti Airtel by 1.39 per cent and Titan by 1.2 per cent.