Mumbai, Oct. 14 -- The stock markets closed in the red on Wednesday as investors booked profits following the previous session's sharp rebound, while rising crude oil prices amid geopolitical supply concerns and sustained foreign institutional investor (FII) selling weighed on market sentiment.

The Nifty 50 index closed at 22,622.70, declining 99.25 points or 0.44 per cent, while the BSE Sensex settled at 72,781.89, down 251.89 points or 0.34 per cent.

Vikram Kasat, Chief Business Officer - Advisory and Dealing at PL Capital, said Indian equities were witnessing profit booking after Tuesday's sharp rebound.

"Rising crude prices amid geopolitical supply concerns and sustained FII selling are weighing on sentiment, raising concerns over ...