Mumbai: After two days' rally, the BSE Sensex on Wednesday slipped 262.96 points to settle at 59,456.78 on profit booking by local operators.
The Nifty of National Stock Exchange (NSE) too fell 97.90 points at 17,718.35.
Spurting 878 points in couple of sessions, the Sensex opened on a weak note at 59,504.14, fell 215 points. During the day, it was dropped nearly 444 points at 59,275.40, days low, before closing at 59,456.78, sliding 262.96 points from its previous close.
In scrips, Powergrid was a major loser, easing 3.46 per cent to 224.50 followed by IndusInd Bank by 3.22 per cent to Rs 1223.50, Ultracemco by 2.69 per cent to Rs 6302, NTPC by 1.83 per cent to Rs 168.60, L& T by 1.67 per cent to Rs 1899.90.
The gainers were Hind Unilever by 1.55 per cent to Rs 2622.65, ITC by 1.53 per cent to Rs 340.85, Bajaj finance by 0.77 per cent to Rs 7690 and Tech Mahindra by 0.51 per cent to Rs 1061.
The Mid Cap declined by 0.63 per cent and Small Cap by 0.69 per cent.
In 30 scrips, 7 advanced while 23 declined.
The Asian Market was seen weak as Australia fell by 1.54 per cent, China by 0.17 per cent, Hong Kong by 1.79 per cent and Japan by 1.36 per cent.
(With UNI inputs)