The benchmark Index of the Bombay Stock Exchange (BSE) has lost 200 points at 41,761.82. in the early hours of trading on Wednesday.
The tepid sentiment among the global investors after the U.S. said its initial trade deal with China does not include tariff rollback. Similarly, the benchmark index of the broader National Stock Exchange, the broader, Nifty fell 53.15 points or 0.43% to 12,309.15.
IndusInd Bank, Tata Steel, UltraTech Cement, SBI, Infosys, Axis Bank and ICICI Bank were among the top losers in the Sensex pack, shedding up to 3%. On the other hand, Titan, Hero MotoCorp, Tech Mahindra, Nestle and Sun Pharma rose up to 1.30%.
Meanwhile, on a net basis, foreign institutional investors sold equities worth ₹205.56 crore, and domestic institutional investors offloaded shares worth ₹642.47 crore on Tuesday, data available with stock exchanges showed.