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Sensex tanks 184 pts on earnings, Fed

Auto, realty and pharma counters took a big hit

sensex, nifty, share, stock, down
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sensex, nifty, share, stock, down

Press Trust of India Mumbai
Disappointing corporate earnings weighed on equities for the second straight session on Wednesday, sending benchmark Sensex tumbling 184 points to a two-week closing low of 28,155, while hawkish comments from US Fed chair Janet Yellen heightened capital outflow fears.

Auto, realty and pharma counters took a big hit. Profit- booking by retail investors dragged small-cap and mid-cap indices lower by 1.52 per cent and 1.16 per cent, respectively.

On the global front, concerns of capital outflows from emerging economies, including India, intensified after Yellen said the Fed will probably need to raise interest rates at its upcoming meet in March.

After opening lower,