BSE Sensex and Nifty50, the Indian equity benchmark indices, closed in red on Wednesday taking cues from global markets. While BSE Sensex went below 73,700 intraday, Nifty50 dipped to near 22,350 levels.

The BSE Oil & Gas index jumped the most on Tuesday by 2.58 per cent, followed by consumer durables - 2.38 per cent, telecommunication -2.32 per cent, industrials -2.04 per cent, energy -2.03 per cent,

Live: Asian markets traded higher, with Japan’s Nikkei leading the rally in the region. The US stock market ended mixed, with the Nasdaq ending in the green. Meanwhile, the trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index.