In the previous session, benchmark indices closed lower for the third consecutive session on Wednesday, dragged down by last-hour selling in metal and pharma shares amid firm crude oil prices and elevated global bond yields. Giving up all intraday gains, the 30-share BSE Sensex declined 48.78 points, or 0.07 per cent, to settle at 72,480.29 on fag-end selling. After a flat start, the index had gained 533.16 points, or 0.73 per cent, to hit a high of 73,062.23. The 50-share NSE Nifty dropped 95.75 points, or 0.42 per cent, to end at 22,620.45. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 9,980.22 crore on Tuesday, according to exchange data. Experts believe elevated oil prices, global bond yields may continue to remain a key overhang and may limit the scope for sustained risk-taking going forward. Global markets are also tracking the stalled US-Iran peace talks and tightening US fuel markets.
