The 30-share BSE Sensex was down 205.26 points at 32,597.18 and the 50-share NSE Nifty fell 74.20 points to 10,044.10 while the Nifty Bank plunged 273 points.
Equity benchmarks closed lower for the second consecutive session on Wednesday, tracking global weakness as well as Reserve Bank of India's decision to maintain repo rate at 6 percent.
The 30-share BSE Sensex was down 205.26 points at 32,597.18 and the 50-share NSE Nifty fell 74.20 points to 10,044.10 while the Nifty Bank plunged 273 points.
About two shares declined for every share rising on the BSE.
Speaking after the MPC meeting concluded, RBI Governor Urjit Patel said that credit flow is already better than last October.
For more, watch the Markets@Moneycontrol show. Moneycontrol Editor Santosh Nair talks to Anchal Pathak about what moved the markets today.