Domestic indices track Asian peers lower; Bajaj Finance top Nifty loser

BENGALURU: Domestic indices followed Asian peers lower on Wednesday, with all major sectors trading in negative territory as appetite for risky assets soured over fears about a global economic slowdown.
The NSE Nifty 50 index was down 0.69% at 17,080.95, as of 0349 GMT, while the sensex fell 0.67% to 56,964.31. Both the indexes rose more than 1% in the previous session as global stocks eked out minor gains.
News of Russia cutting gas supplies to Eastern Europe, prospects of aggressive US interest rate hikes, and worries over sky-high inflation and stringent Covid-related curbs in China sent the MSCI world equity index to a 13-month low on Wednesday.
In India, stocks across sectors lost ground with all major Nifty sub-indexes in negative territory in early trade. Just three of the 50 stocks on the Nifty 50 index were marginally higher.
Nifty component Hindustan Unilever was down 0.4% ahead of March-quarter results.
Bajaj Finance was the top percentage loser on the Nifty 50, down nearly 4% a day after it reported results.

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