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.
Ashok Chawla, one of the five bureaucrats named by the CBI in Aircel-Maxis case, today resigned as the chairman of National Stock Exchange (NSE).
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.
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.
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.
Shares of Tata Motors fell nearly 5 per cent after the company-owned Jaguar Land Rover reported a 4.6 per cent decline in total retail sales in October.
A rise in global crude oil prices, along with a weak rupee, dragged the key equity indices lower by around 1 per cent.
Indian equity indices pared their initial gains to trade marginally lower during the afternoon session, as investors turned cautious ahead of the release of key macro-economic indicators.