Mumbai, Sep 11
The Indian equity markets closed in the red on Wednesday due to weak global sentiments.
At closing, Sensex was down 398 points, or 0.49 per cent, at 81,523 and Nifty was down 122 points, or 0.49 per cent, at 24,918.
Selling was led by banking stocks. Nifty Bank was down by 262 points, or 0.51 per cent, at 51,010.
In the Sensex pack, Tata Motors, SBI, Wipro, NTPC, L&T, M&M, JSW Steel, IndusInd Bank, Tata Steel, and Reliance were the top losers.
Asian Paints, Bajaj Finance, Sun Pharma, HUL, Bajaj Finserv, ITC, Bharti Airtel and Kotak Mahindra were the top gainers.
Among the sectoral indices, Auto, IT, PSU Bank, Fin Service, metal, realty, and energy index were major gainers. FMCG and consumption were major laggards.
Vaibhav Vidwani, Research Analyst, Bonanza Portfolio said: "This decline was largely attributed to a cautious sentiment among investors ahead of the upcoming U.S. consumer inflation data, which is expected to influence future interest rate decisions by the Federal Reserve."