Share Market Live: Indian stock markets (Sensex and Nifty) ended lower on Wednesday\u00a0possibly due to\u00a0costlier crude oil prices and\u00a0rupee's weakness vs US dollar with Sensex plunging 169 points and Nifty finishing below 11,250. BSE Sensex\u00a0closed\u00a0at 37,121.22, down 169.45 points while NSE Nifty\u00a0ended at\u00a011,234.35, down 44.55 points. Nine of the eleven sectoral indices on NSE concluded in red\u00a0with\u00a0Nifty Media, Nifty FMCG and Nifty\u00a0Realty leading the losses. The Nifty\u00a0Metal index surged\u00a01.2% after Reuters reported, citing unnamed government sources and an unidentified government document, that India's steel ministry has proposed increasing the effective import duties on some steel products to 15% from\u00a05%\u00a0to 12.5%. The domestic equity markets turned flat in the afternoon deals on Wednesday following the higher crude oil prices with Sensex, Nifty trading little changed led by the plunge in HDFC Bank, HDFC and Maruti Suzuki shares. Crude oil prices surged slightly with Brent crude oil trading at $79.17, up 14 cents or 0.18% a barrel and US WTI crude trading at $70.12, up 27 cents or 0.39% a barrel. Earlier in the day, Sensex\u00a0rose 240 points after rupee\u00a0regained 27 paise against the US dollar in the opening deals. The wider share indicator NSE Nifty 50 retook the 11,300 mark following the\u00a0uptick in shares of ITC, RIL, Infosys and HDFC Bank on Wednesday\u00a0morning. According to the Bloomberg data, the\u00a0Indian rupee registered sharp recovery against US dollar and made a day's high at\u00a072.4875, up 48 paise per unit US dollar from the previous closing of\u00a072.9662 at the foreign exchange market. Indian equities began higher on Wednesday tracking the regional Asian peers which rose in the early trading on the back of upbeat Wall Street, lower crude oil prices and the\u00a0sharp recovery in Indian rupee.\u00a0Asian stocks rose and US Treasury yields hovered near four-month highs on Wednesday, as investors looked past the latest escalation in the US-China trade conflict, seen by some market participants as less severe than expected, a Reuters report said.