The BSE benchmark Sensex erased early gains and ended over 100 points lower on Wednesday as finance, banking and IT shares succumbed to selling pressure.
The 30-share index settled 100.53 points, or 0.26% lower at 38,132.88, while the broader NSE Nifty slipped 38.20 points, or 0.33%, to 11,445.05.
NTPC was the biggest loser in the Sensex pack, tumbling 2.25%, followed by Tata Motors, Hero MotoCorp, Bharti Airtel, PowerGrid, HDFC, Reliance Industries, Coal India and M&M that shed up to 1.85%.
Yes Bank was the top gainer, spurting 5.62%.
Other winners were IndusInd Bank, SBI, Bajaj Auto, HCL Tech, ONGC, Bajaj Finance, Axis Bank, Infosys and Vedanta, rising up to 5.27%.
During the day, the benchmark indices witnessed heavy volatility amid Prime Minister Narendra Modi’s address to the nation.
The markets, which opened higher in the morning over Tuesday’s close, sharply dipped after the Prime Minister tweeted that he will be addressing the nation.
The Sensex jumped over 200 points during Modi’s announcement that India had demonstrated anti-satellite missile capability by shooting down a live satellite.
