Sensex ended the day at 63,591.33 down by 283.60 points and Nifty fell 87.65 points at 18,991.95.
The Nifty Bank fell by 109.95 points or 0.45 percent to 42,736.
From the Sensex pack, Sun Pharma, Bajaj Finsev, SBI, Reliance and ICICI Bank were among the top gainers. Asian Paint, Tata Steel, Maruti, JSW Steel, and HCL Tech were among the laggards.
From the Nifty 50 pack, Sun Pharma, BPCL, Hindalco, Bajaj Auto and Tata Consumer were among the major gainers, whereasAdani Enterprises, SBI Life, Coal India, Asian Paint, and Tata Steel were among the losers.
Market on Wednesday morning
The markets opened in red on Wednesday with Sensex at 63,829.87, down by 45.06 points and Nifty was at 19,039.90 with a fall of 39.70 points.