Among other factors, concerns over corporate earnings so far, the rupee depreciating by 27 paise against the dollar and a lower opening in European markets also weighed.
The BSE 30-share Sensex after resuming in positive zone soon slipped as participants indulged in squaring-up long positions. The index finally settled 201.62 points or 0.75 percent down at 26,838.14 -- its lowest closing since October 14.
The gauge has now lost 632.67 points in four sessions.
The 50-issue NSE too continued its slide for the fourth session and lost 59.45 points or 0.73 per cent to close at 8,111.75. Intra-day, it dipped below the 8,100-mark to hit a low of 8,098.
The major losers were BHEL, Axis Bank, Sun Pharma, Coal India, SBI, HUL, ITC, Bharti Airtel, GAIL, Hindalco, NTPC, L&T, Maruti Suzuki, TCS and Infosys. Bucking the trend, shares of Dr Reddy's, Vedanta, Tata Motors, Lupin, RIL, Bajaj Auto, Hero MotoCorp and Tata Steel
ended up to 2.59 per cent in the green.

Sectorwise, the BSE PSU index suffered the most by losing 1.39 percent, followed by power (1.11 pc), bankex (1.10 pc), capital goods (1.09 pc), FMCG (0.98 pc), metal (0.85 pc) and
oil&gas (0.82 pc).
Selling pressure also dragged down the BSE mid-cap index by 0.44 percent and small-cap by 0.42 percent. Meanwhile, foreign investors sold shares worth Rs 731.17 crore yesterday, as per provisional data.



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