Sensex falls 1%

Range-bound rupee hurt sentiment

The BSE Sensex fell nearly one per cent on Wednesday with the Nifty closing below its 200 day moving average as IndusInd Bank declined after its quarterly earnings disappointed investors, sparking caution about the coming reporting season.

A range-bound rupee despite measures to support the currency, including mandating state-run oil companies to purchase dollars from a single bank, also hurt sentiment.

The benchmark BSE index fell 0.75 per cent, or 145.36 points, to end at 19,294.12, giving up its gains for 2013.

The broader NSE index fell 0.72 percent, or 42.30 points, to end at 5,816.70.