Following the announcement of the Reserve Bank of India's (RBI) sixth bi-monthly monetary policy statement, market indices traded lower on Wednesday evening.
The BSE's Sensex saw a 113.230-point dip to 34,082.71, while the Nifty was down by 21.55 points to 10,476.70 in closing trade.
Earlier in the day, amid global market recovery, the Sensex rebounded by 367.36 points, while the Nifty hovered around the 10,600 mark.
SBI, Adani Ports, Dr. Reddy's Labs and Aurobindo Pharma rallied in green in the opening trade, while shares of NTPC, Eicher Motors, HDFC Bank and Lupin were down by one percent.
The Indian rupee opened higher by 12 paise at Rs 64.12 per dollar versus Rs 64.24 on Tuesday and the Dow Jones closed up 567.02 points to 24,912.77.
Meanwhile, the RBI's six-member Monetary Policy Committee (MPC) kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6 percent, and the reverse repo rate at 5.75 percent.
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