Weak global cues pushed the Indian markets into consolidation, the benchmark index at the Bombay Stock Exchange on Wednesday closed at 17,125.22 down 102.46 points.
Continuous selling in banking, metal, and FMCG and power stocks pushed the indices to trade lower.
However, some buying was seen in telecom, technology, realty, capital goods and pharma stocks. Bharti Airtel, Maruti and Hero Honda were the top gainers while Tata Steel, Hindalco and Sterlite Industries were the top losers.
The National Stock Exchange also witnessed high volatility and finally ended at 5112.00, losing 35.95 points.
The Midcap index too closed in the red. The Midcap index closed at 6595.78, down 38.67 points. However, the Smallcap index registered a marginal gain of 28.75 points to close at 7956.58.