The benchmark Sensex fell 146 points on Wednesday, its biggest drop in more than a week, led by realty, FMCG and auto stocks as investors booked profits ahead of state election results.

ITC, ICICI Bank and HDFC shares together contributed 85 points to losses in the index, which received some support from IT stocks Infosys and Wipro.

The S&P BSE Sensex opened on a lower note from Tuesday’s close, and fell further in the second-half. It closed at 20708.71, a drop of 146.21 points.

Rupee gains 31 paise

The rupee recovered from early losses and gained 31 paise to close at a one-month high of 62.05 against the dollar on Wednesday.

The rupee opened lower at 62.40 a dollar against the previous close of 62.36 at the inter-bank foreign exchange market and dropped further to 62.55 on dollar demand from banks and importers. It recovered to 62.04 per dollar before ending at 62.05, a gain of 31 paise. — PTI