Sensex and Nifty ended in the negative territory on Wednesday, however trimming some of the day’s losses. Market sentiment turned cautious ahead of the September month derivatives expiry on Thursday and outcome of the US Federal Reserve meet later in the evening. Heavy selling pressure in IT, Teck, FMCG, PSU Banks and auto sectors pulled the benchmark indices lower.
The BSE Sensex closed at 36,542.27 points, down 109.79 points or 0.30% lower on Wednesday after slumping 294 points to an intra-day low of 36,357.93 points. The NSE Nifty fell 13.65 points or 0.12% to end at 11,053.80 points.
ITC, TCS, Infosys, SBI, Maruti Suzuki, HUL and Kotak Bank wiped out nearly 225 points from the Sensex index. On the other hand, Reliance Industries, HDFC Bank, Vedanta, LT and ICICI Bank were the top contributors. Earlier in the morning, the domestic equity indices had gained nearly 0.7% each in opening trade, with the BSE Sensex surging 286 points and the Nifty 50 index rising 78 points.