Mumbai: After five days rally, the BSE Sensex on Wednesday slipped by 58.81 points to settle at 37,871.52 due to selling in IT, Auto, Technology, FMCG and Capital Goods stocks amid weak Asian cues.
The Nifty of National Stock Exchange eased by 29.65 points to 11,132.60.
The Nifty recorded days high and low at 11,238.10 and 11,056.55 points respectively.
High volatility was witnessed during the day, as the Sensex opened higher by 248 points to 38,178.07.It surged by 269 pts to 38,199.27, days high. Later, it dropped nearly 329 points to 36,601.62, days low, before closing at 37,871.52, down by 58.81 points from its previous close.
The sectoral indices that dragged the market were IT, Auto, Technology, Industrials, FMCG and Capital Goods.
While, buying in Power, Consumer Durable and Utilities capped from further losses, broker informed.
In scrips, Hind Unilever, Tata Steel, Infosys, Maruti Suzuki and IndusInd Bank dropped while Axis Bank, Titan, Powergrid, ITC and NTPC increased.
The Mid Cap rose by 0.19 per cent while the small cap fell by 0.23 per cent.
In 30 scrips, 11 advanced while 19 declined.