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Sensex, Nifty End Notably Lower On Weak Global Cues

Indian shares finished Wednesday's session notably lower after the Reserve Bank of India ( RBI) left its key interest rate unchanged for a second policy session in a row and said it sees upside risks to the inflation outlook.

The central bank maintained its policy stance of "calibrated tightening" while reducing the statutory liquidity ratio to make banks increase their lending.

The benchmark BSE Sensex fell 249.90 points or 0.69 percent to 35,884.41, with weak global cues, rising oil prices ahead of an OPEC meeting and weakness in the rupee weighing on markets.

The broader Nifty index ended down 84.55 points or 0.74 percent at 10,784.95, dragged down by pharma, metal and auto stocks.

JSW Steel, Cipla, Tata Motors, Vedanta, Indiabulls Housing Finance, Tata Steel, Hindalco and Sun Pharma lost 3-6 percent.

Integrated steel and power company Prakash Industries slumped 7.6 percent after reports that the Enforcement Directorate has attached its properties in connection with the coal scam case.

On the data front, India's private sector expanded at the fastest pace in over 2 years during November with both manufacturing and services growing at stronger rates amid an increase in demand, survey data from IHS Markit showed.

The Nikkei India Composite purchasing managers' index rose to 54.5 in November from 53 in October, marking the strongest print since October 2016.

Globally, Asian stocks ended broadly lower amid concerns over trade and worrying signals of economic health after the difference between three- and five-year U.S. Treasury yields dropped below zero.

European markets fell sharply in early trade to hover near two-week lows as investors remained skeptical around the Trump-Xi agreement announced over the weekend.

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