Stock market highlights: After opening marginally lower on Wednesday, the Sensex and Nifty extended losses in the afternoon trade. The Sensex closed 354 points down at 38,585.35, while the Nifty is closed below the 11,600-mark. Bharti Airtel, Asian Paints shares emerged as the top losers in the index shedding up to 4%. Tata Motors, HUL closed up to 5% higher, to emerge among the top Sensex gainers.
Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated. MSCI s broadest index of Asia-Pacific shares outside Japan dropped 0.1 percent, a day after it hit eight-month highs while Japan s Nikkei lost 0.9 percent. On Wall Street, the S&P 500 gave up 0.61 percent and the Nasdaq Composite declined 0.56 percent, Reuters reported. We bring to you LIVE updates.