Market Closing: Benchmark indices closed sharply lower on Wednesday as uncertainty remained over the formation of government in Karnataka.
The 30-share BSE Sensex was down 156.06 points at 35,387.88 and the 50-share NSE Nifty fell 60.80 points to 10,741.10.
Reliance Industries, ICICI Bank, Cipla, GAIL, HPCL and Hindalco were under pressure while ITC, HUL, Wipro and TCS gained up to 4 percent.
Nifty Midcap index was down 14 points.
PNB, Syndicate Bank, Bank of Baroda, Century Plyboards, Morepen Labs, Adani Transmission, Reliance Communications and Shakti Pumps fell up to 16 percent.
Karnataka Bank, Indiabulls Real Estate, PTC India Financial, HEG, Delta Corp, Edelweiss Financial, NIIT, Parag Milk Foods, Hexaware, KPIT Technologies, Motilal Oswal, Jyothy Labs, V-Mart Retail, Mishra Dhatu, Apex Frozen Foods, NIIT Technologies, Jaiprakash Associates and Jaypee Infratech rallied up to 12 percent.