Indian stocks closed lower for a second session on Wednesday, pressured by the impact of higher energy prices in the Indian economy. The S&P/BSE Sensex dropped 0.3% to 83,383 and the NSE Nifty 50 dropped 0.3% to 25,666, both at their lowest in over two months. Global oil benchmark prices continued to increase amid the exchange of threats between Iran and the US, risking supply from the Middle East. The upswing in energy prices lifted the outlook of input costs for all sectors of the Indian economy and pressured the rupee due to the currency outflows resulting in energy imports, driving foreign investors to continue trimming their exposure to Indian assets. TCS and Tech Mahindra lost 2.2% and 1.5%, respectively, to lead the laggards in tech, while Kotak Mahindra Bank and ICICI Bank lost 1.5% each to set the negative pace for financial services.