Mumbai: The banking, capital goods, auto and FMCG stocks came under strong pressure resulting in the fall of the BSE benchmark for the fourth straight session.
Sensex came to a close at 28,833 points coming down by 117 points, while Nifty finished at 8,723 levels coming down by 33 points.
Nifty came under pressure in the late trade after remaining in a very tight range for most part of the session. It touched a high of 8,792 and a low of 8,704.
The Mid-cap index of the BSE ended in red while the small cap index ended with minor gains. The sub-index for banking stocks on National Stock Exchange, Bank Nifty, slipped 209 points or one percent to settle at 19,174.
Among the banking sector Axis Bank was the top loser. State Bank of India, Larsen & Toubro, Tata Motors, IDFC, TCS, Kotak Mahindra Bank, HUL and ACC were also among the losers.
Hindalco, coal India, Lupin, Sesa Sterlite, Sun pharma and Tata Steel were the gainers by 2-3 percent each.
Tata power jumped by 5.2 per cent to hit a high of Rs 92, closing at over 3 percent gains. Shares of ONGC and Crian India came over 4 percent since the crude oil prices went higher for the fourth consecutive day.