Sensex falls 259 points, ends below 63,000 on losses in financials, IT
Indian equity indices closed lower for the second consecutive session due to negative cues from global markets and higher-than-expected interest rate hikes in Britain. Adani Group and Eros International Media were the top losers. Hawkish central bank policies have soured risk appetite and resulted in the decrease of market capitalization by Rs 2.78 lakh crore to Rs 289.47 lakh crore.
