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Benchmark indices declined for a second day in a row amid weakness in the global markets ahead of the Federal Reserve interest-rate hike.
The Sensex ended the session at 55,268, with a decline of 497 points, or 0.9 per cent. The Nifty, on the other hand, ended the session at 16,484, a fall of 147 points or 0.8 per cent.
Investor sentiments are jittery ahead of the two-day Fed meeting, which commenced on Tuesday and ends late on Wednesday India time, with some investors speculating that the US central bank may go for a 100-basis point cut to tame
