Stock market live: Equity benchmark indices declined for a second day on Wednesday, tracking losses in global markets. The BSE Sensex fell 318 points to 71,574 and the NSE Nifty50 slipped 99 points to 21,566.
Infosys, Wipro, HCL Tech, Tata Steel, Tech M, JSW Steel and Axis Bank led losses on the Sensex, while Hindalco was the additional loser on the Nifty.
On the flip side, ITC, BBharti Airtel, IndusInd Bank, SBI, M&M, and Bajaj Finserv were among the few frontline gainers.
Adani Group shares held strength after the Supreme Court in its verdict said there was no irregularity in FPI investments in the conglomerate, dismissing a batch of petitons for a SIT investigation into the matter.
Adani Ent, Adani Ports, Adani Energy, Adani Wilmar and Adani Total Gas held strong gains of 3-12 per cent post the verdict.
Among sectors, Nifty IT and Nifty Metals were the worst hit, down up to 2 per cent.