Indian benchmark indices, Sensex and Nifty, closed half a per cent lower on Wednesday due to profit-taking in banking, energy, and metal stocks amid weak global market conditions. While the Indian market is experiencing a robust recovery, negative indications from global peers, concerns about a recession, and potential interest rate hikes might impact it. The US stock indexes dipped, the European shares hit a two-month low as Chinese economic data and uncertainty around the US debt ceiling increased, and the pan-European STOXX 600 index has closed 1.1% lower.