The 30-share BSE Sensex dropped 134.32 points to end at 36,444.64, while the broader NSE Nifty finished 39.10 points lower at 10,922.75. Participants were seen taking money off the table after the recent rally.
The Sensex today opened on a positive note during the morning session of the trade. On the other hand, the broader 50-scrip Nifty opened at 10,862.40 points after closing at 10,802.15 points on Tuesday.
Positive global cues along with an ease in global crude oil prices pushed the key equity indices in the green during the mid-afternoon session of trade.
Indian shares edged lower in line with early weakness in Asian peers, due to losses in financials and healthcare stocks, but gains in oil marketers and an upbeat sentiment over a strong set of inflation data helped cap losses.
NSE's Nifty50 opened in red while the S&P BSE Sensex traded 100 points down during the morning session of the trade.
The equity benchmark Sensex dived about 346 points owing to an intense fag-end selling mainly in auto and energy stocks as fresh worries about weakening rupee and rising crude oil prices resurfaced.
State-owned UCO Bank reported widening of net loss to Rs 1,136.44 crore for the second quarter of 2018-19, on rising bad loans.
Diversified firm Godrej Industries reported 58.82 per cent jump in consolidated profit after tax (PAT) at Rs 189.54 crore for the second quarter ended September 30, helped by lower current tax expense.
Drug firm Lupin said it has launched the generic Atovaquone oral suspension, which is used for the prevention and treatment of pneumonia, in the US market.
Shares of Titan Company Ltd surged 6 per cent Monday after the company reported an 8.34 per cent rise in consolidated net profit for the quarter ended September 30, 2018.