Indian shares fell for a second consecutive session on Wednesday, reflecting the cautious sentiment in global markets after an influential U.S. Federal Reserve official said interest rates could rise as soon as September.

 

The benchmark BSE Sensex fell 0.21 percent to 28,005.37, after rising as much as 0.39 percent earlier in the session.

 

The broader NSE Nifty was down 0.21 percent at 8,624.05.

 

In the 50-share index, Adani Ports, TCS, Tech Mahindra, Power Grid and Infosys dipped between 1.64 per cent and 2.92 per cent. On the other hand, Tata Steel, Coal India, Aurobindo Pharma, Bajaj Auto and Hero MotoCorp gained between 2 per cent and 3.14 per cent.

 

Asian peers closed mostly lower on Wednesday. Hang Seng and Shanghai settled lower by 0.48 per cent and 0.02 per cent. However, Nikkei closed up by 0.90 per cent.