Market Close: Benchmark indices erased previous session gains and ended nearly a percent lower dragged by the bank, metal and pharma names.
At close, the Sensex was down 485.82 points or 0.92% at 52568.94, and the Nifty was down 151.80 points or 0.96% at 15727.90. About 1277 shares have advanced, 1648 shares declined, and 112 shares are unchanged.
Tata Motors, JSW Steel, Bajaj Auto, Hindalco Industries and ONGC were among the top lower on the Nifty. Top gainers were Tech Mahindra, SBI Life Insurance, Eicher Motors, IndusInd Bank and Shree Cements.
All the sectoral indices ended in the red. BSE midcap index fell 0.3 percent, while smallcap ended flat.