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Benchmark indices slipped on Wednesday, ending a little over 10 percent higher in FY18.The S&P BSE Sensex ended at 32,968, down 206 points while the broader Nifty50 index ettled at 10,113, down 71 points. The indices posted a monthly loss of about 3.5 percent, their steepest drop for the month of March since 2015.
Shares slipped on Wednesday, dragged down by private-sector lenders such as ICICI Bank and Axis Bank, with risk appetite hurt by a fall in global equities.
Asian shares outside Japan fell more than 1 percent after Wall Street retreated overnight. Among sectoral indices, the Nifty Metal index was trading over 2 percent lower led by a drop in shares of Tata Steel, SAIL and Jindal Steel & Power. The Nifty PSU bank index also fell over 2 percent.
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