Indian markets ended in deep red for the second day on Wednesday due to sustained selling pressure seen in metals, banks, IT and financial stocks.
At the close, the benchmark 30-share index, BSE Sensex declined 471.01 points or 0.96% at 48,690.80 with 22 components posting drop. Meanwhile, the broad based NSE Nifty fell by 154.25 points or 1.04% at 14,696.50 with 36 components registering drop.
ICICI Bank contributed fall of 94.31 points in the Sensex. It was followed by Oil & Natural Gas Corporation (54.57 points), Hindustan Unilever (48.19 points), Reliance Industries (43.48 points) and Housing Development Finance Corporation (32.68 points).
However, Tata Motors contributed rise of 51.92 points in the Sensex. It was followed by State Bank Of India (17.22 points), Maruti Suzuki India (8 points), NTPC (4.8 points) and Larsen & Toubro (2.21 points).
Biggest gainers in the 30-share index were Titan (1.31%), Maruti Suzuki India (1.21%), Power Grid Corporation Of India (1.05%), State Bank Of India (0.93%), NTPC (0.53%), Dr Reddy's (0.16%) and Larsen & Toubro (0.09%).
On the other hand, Indusind Bank (3.35%), Hindustan Unilever (3.07%), Oil & Natural Gas Corporation (2.54%), ICICI Bank (2.43%), Axis Bank (2.23%) and Kotak Mahindra Bank (2.12%) were the major losers in the Sensex.
Market breadth was negative with 1,586 advances against 1,488 declines.