Market Close: Sensex was down 310.21 points
Indian indices erased all the early gains and ended lower with Nifty below 8,950 level.
At close, the Sensex was down 310.21 points or 1.01% at 30379.81, while Nifty was down 68.55 points or 0.76% at 8925.30. About 1429 shares have advanced, 940 shares declined, and 174 shares are unchanged.
Kotak Mahindra Bank, Hero MotoCorp, Bajaj Finance, HDFC Bank and Maruti Suzuki were among major losers on the Nifty, while gainers included UPL, HUL, Britannia Industries, HCL Tech and Shree Cements.
On sectoral front, bank, auto and energy ended in the red, while buying seen in the FMCG, IT and metal.