The stronger dollar also put commodities under pressure across the board, with copper hitting a 12-month low and gold at an 18-month low. Oil futures also lost ground.
Investor grievances pending with Sebi dropped by 16 per cent to nearly 3,800 at the end of 2017-18 with the markets regulator working on their expeditious disposal, according to a Sebi report.
U.S. stock indexes fell on Wednesday in a broad-based decline, hurt by concerns over the strong dollar and Turkey’s currency crisis, as well as the trade tensions with U.S. trading partners that have dominated the first half of 2018.
European shares slipped into negative territory on Wednesday after a doubling by Turkey of tariffs on some U.S. imports soured sentiment and weak commodity prices impacted miners.
Shares of Asian video game companies such as Tencent Holdings (0700.HK), Nexon (3659.T) and Nintendo (7974.T) tumbled on Wednesday due to concerns over delays in new games releases in China, as Beijing halted approvals for game licenses.
Investors pumped a staggering Rs 10,585 crore in equity mutual funds in July, mainly driven by strong corporate earnings and near normal monsoon.
Action from Turkey’s central bank pushed the lira higher for a second day on Wednesday, helping European stocks and emerging currencies consolidate recent losses though the dollar ensconced at 13-month highs kept up the pressure on world markets.
U.S. stock index futures dropped on Wednesday, with investors weighing the impact of Turkey’s currency crisis as well as the escalating tariff tensions between the United States and its trading partners.
BSE's smallcap and midcap indices have failed to impress, with smaller stocks falling up to 13 per cent so far this year against their bigger peers.