Stocks skid for second day as hawkish Fed weighs; Bajaj Finance falls

Equity benchmarks buckled under selling pressure for the second straight session on Thursday as traders reduced their exposure to riskier assets after minutes from the US Federal Reserve's latest meeting indicated more rate hikes this year.
 

Continuous foreign fund outflows added to the selling pressure, market participants said.
 

Paring initial gains, the 30-share BSE Sensex tumbled 304.18 points or 0.50 per cent to close at 60,353.27.
 

Similarly, the broader NSE Nifty dipped 50.80 points or 0.28 per cent to end at 17,992.2.
 

Bajaj Finance was the top loser among Sensex constituents, plunging 7.21 per cent, followed by Bajaj Finserv, ICICI