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Sensex and Nifty gave up early gains and ended lower by 1 per cent on Wednesday amid a largely weak trend in Asian markets and sell-off in index majors, Reliance Industries, ICICI Bank, and HDFC twins.
The 30-share BSE benchmark Sensex tumbled 635.05 points or 1.03 per cent to settle at 61,067.24. During the day, it slumped 763.91 points or 1.23 per cent to 60,938.38.
The broader NSE Nifty declined 186.20 points or 1.01 per cent to end at 18,199.10.
From the Sensex pack, IndusInd Bank, Bajaj Finserv, Maruti, UltraTech Cement, Tata Motors, Axis Bank, State Bank of India, and Kotak Mahindra Bank were the major laggards.
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Rupee slips 10 paise to 82.80 against dollar
Dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.09 per cent to 104.06Sun Pharma, HCL Technologies, Tata Consultancy Services, Tech Mahindra, Nestle, Wipro, and Infosys ended in the green.
Elsewhere in Asia, equity markets in Seoul, Tokyo, and Shanghai ended lower, while Hong Kong logged gains.
Equity exchanges in Europe were trading in the positive territory in mid-session deals. The US markets ended higher on Tuesday.
Benchmark indices dropped yet again on the back of Covid scare in China and elsewhere, said S Ranganathan, Head of Research at LKP Securities.
International oil benchmark, Brent crude climbed 1.08 per cent to $80.85 per barrel.
Foreign institutional investors (FIIs) bought shares worth a net ₹455.94 crore on Tuesday, according to exchange data.
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