Caution prevailed in the markets a day after key indices rose around 2% each Stock markets reversed early gains on Tuesday as losses in energy and metal stocks offset strength in IT shares.
BSE benchmark index Sensex shed 176 points, or 0.5 per cent, to end at 33,891, while NSE's Nifty settled just shy of 10,200, down 52 points from the previous close.
Investors turned cautious a day after key indices rose around 2 per cent each.
Top laggards on the 50-scrip Nifty index included state-run oil marketing companies Hindustan Petroleum, Bharat Petroleum and Indian Oil, private sector bank IndusInd Bank, and pharmaceuticals major Cipla, closing between 3.6 per cent and 4.8 per cent lower.