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Sesa Sterlite fell 3.2 percent after the company reported December-quarter net profit of 18.68 billion rupees, which lagged some analysts expectations.
Among stocks that gained, Maruti Suzuki India Ltd rose 6.9 percent, recovering from an 8.2 percent drop on Tuesday due to concerns about Suzuki Motor's plans to invest $488 million to build a car plant in India's Gujarat state.
Havells India Ltd rose 3.3 percent after the company said its December-quarter net profit rose 28.3 percent to 1.21 billion rupees.
FACTORS TO WATCH
* Dollar firms as investors brace for more Fed tapering
* Oil rises nearly $2 to 2014 high on spread trade
* Asia enjoys relief rally as Turkey takes bold step
* Foreign institutional investor flows
BSE Sensex washes out gains to end 36 pts down; Fed decision eyed
(PTI) The benchmark Sensex erased early gains and fell 36 points in the fourth day of losses as Bharti Airtel and ICICI Bank earnings missed estimates and investors waited for a decision from the US Federal Reserve on tapering.
Overnight data on FII selling and fag-end profit booking before monthly derivative contracts expire tomorrow, also weighed on stocks, traders said.
Shares from metal, banking, consumer durables and realty pack were among the laggards while capital goods and pharma stocks attracted good buying support, they added.
The Sensex resumed on a positive note and firmed up to a high of 20,828.68 on strong buying aided by Asian trends.
However, the gains were later frittered away and the 30-share index ended at 20,647.30, a loss of 36.21 or 0.18 per cent. In four days, the Sensex has shed over 726 points.
Jignesh Chaudhary, Head of Research, Veracity Broking Services said, "Both ICICI Bank and Bharti Airtel posted positive numbers in Q3 earnings, which were below markets' projections. During the later part of the day, profit booing picked up which created some pressure."
Tata Steel, Sesa Sterlite,