Mumbai: The market has ended lower. The Sensex was down 68.26 points or at 27940.64 and the Nifty slipped 25.45 points at 8357.85. About 1334 shares advanced, 1716 shares declined and 105 shares were unchanged.
Tata Power, Sesa Sterlite, ONGC, GAIL and Hero Moto were major laggards. On the gaining side were Infosys, Dr Reddy's Labs, Bharti Airtel, Wipro and Bajaj Auto. As a fall out of government increasing excise duty hike on petrol and diesel, BPCL and HPL slipped 4-6 per cent each.
MSCI's broadest index of Asia-Pacific shares outside Japan ticked down 0.1 per cent with resource-heavy Australian shares falling 0.5 per cent.
Japan's Nikkei fell 0.3 per cent after big gains in the previous two sessions on expectations that Prime Minister Shinzo Abe will postpone a planned tax hike next year to support the economy.
The oil market showed no sign of a rebound after five-months of decline, with Brent crude futures hitting a four-year low of US dollar 79.72 per barrel.
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