The BSE Sensex dropped to a low of 59,945, and ended 314 points lower at 60,008.
For the second straight day, Reliance Industries accounted for almost 50 per cent of the Sensex loss.
1,000 per cent returns in one year – This Tata group stock, Tata Tata Teleservices was locked at the 5 per cent upper circuit at Rs 75.95 for a third straight day.
The stock was up for the fourth straight day amid reports of the company getting government nod to set-up its third plant in Haryana.
NRB Bearings, Time Technoplast were the major gainers, up over 14 per cent each.
LIVE market updates: The key benchmark indices have been swinging between zones albiet in a tight range.
Maruti was the top gainer for the second straight day, up 3.7 per cent at Rs 8,347.
On the positive side, Shanghai Composite gained 0.4 per cent, and Taiwan Weighted added 0.2 per cent.
The BSE Sensex was at 60,210 levels, down 114 points, at noon while the Nifty50 was testing 17,950.
At 10:05 AM, the BSE Sensex index was down 114 points at 60,209 level while the Nifty was back above 17,950-mark.
Among individual stocks, shares of Apollo Hospitals Enterprises continued at their upward march, with the stock hitting a fresh record high of Rs 5,460 on the BSE on Wednesday.
LIVE market updates: BSE Sensex fell 136 points, or 0.23 per cent, at 60,186 levels in pre-open session, suggesting a negative start for Dalal Street on Wednesday.
LIVE market updates: The benchmarks are eyeing gap-down start on Wednesday amid a slew of negative news flow.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.