Asian peers trading lower as investors remain cautious over growing inflation worries.
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At close, Sensex was down 340 points or 0.69% at 49,161, and the Nifty50 sank 91 points or 0.61% to 14,850.
Sensex, declined 412.83 points or 0.83% to 49,090.36. The Nifty 50 index fell 106.35 points or 0.71% at 14,836.10.
In the broader market, the S&P BSE Mid-Cap index was up 0.39% while the S&P BSE Small-Cap index rose 0.78%.
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25 out of 30 Sensex stocks are trading in the red. Kotak Mahindra Bank lost the most was down about 2%, HDFC slipped 1.75%, Bajaj Auto, ICICI Bank and
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