The Sensex closed 151.45 points down to 36,395.03, while the Nifty ended 55 points lower at 10,888.80. The broader markets also caught in a bear trap with the Nifty Midcap index falling 1.7 percent and Small cap shedding 1.8 percent, underperforming frontliners. The market breadth was largely in favour of bears as about two shares declined for every share rising on the NSE. Reliance Industries and ICICI Bank were leading contributors to the Nifty's fall. Dr. Reddy's Labs and M&M were the biggest losers among Nifty50 stocks, down more than 5 percent each. ONGC, Hindalco Industries and UltraTech Cement were down 4-5 percent. However, Tata Steel, Cipla, IOC, Tata Motors and HCL Technologies gained 1-2.5 percent.

The Sensex closed 151.45 points down to 36,395.03, while the Nifty ended 55 points lower at 10,888.80. The broader markets also caught in a bear trap with the Nifty Midcap index falling 1.7 percent and Small cap shedding 1.8 percent, underperforming frontliners. The market breadth was largely in favour of bears as about two shares declined for every share rising on the NSE. Reliance Industries and ICICI Bank were leading contributors to the Nifty's fall. Dr. Reddy's Labs and M&M were the biggest losers among Nifty50 stocks, down more than 5 percent each. ONGC, Hindalco Industries and UltraTech Cement were down 4-5 percent. However, Tata Steel, Cipla, IOC, Tata Motors and HCL Technologies gained 1-2.5 percent.