Equity benchmark Sensex tumbled over 200 points in early trade on Wednesday, October 20, 201 as market participants posted gains on higher levels tracking losses in index majors TCS, Bajaj Finance and Axis Bank.
The 30-share index was trading at 61,506.59, down 209.46 points or 0.34 per cent in opening deals. Similarly, the Nifty closed at 18,333.30, down 85.45 points or 0.46 per cent.
Bajaj Finance was the top laggard in the Sensex pack, falling nearly 2 per cent, followed by IndusInd Bank, Bajaj Finserv, Bajaj Auto, Tata Steel and Axis Bank.
On the other hand, Nestle India, HUL, Bharti Airtel, Asian Paints and HCL Tech were among the gainers.
In the previous session, the 30-share index was down 49.54 points or 0.08 per cent at 61,716.05 and the Nifty was down 58.30 points or 0.32 per cent at 18,418.75.
FII net seller
Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 505.79 crore on Tuesday, according to exchange data.
According to market experts, investors are booking profits at every peak, which is increasing the volatility in the market.
Elsewhere in Asia, shares in Hong Kong, Shanghai and Tokyo were trading with gains in mid-session deals, while Seoul was in the red.
Stock exchanges on Wall Street also ended the overnight session on a positive note.
Meanwhile, international oil benchmark Brent crude fell 0.52 per cent to $84.64 a barrel.
.