Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016

Bank Nifty pared all its intraday gains to end over 1% lower led by losses in BoB, ICICI Bank, Axis Bank and Bank of India

HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".

SBI plunged over 3% after posting a 34.57% fall in net profit to Rs 2,538 crore for the quarter ended September 2016 on rise in provisions for non-performing loans.

Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%

ICICI Bank extended yesterday gains, rising 10% in two trading sessions

Broader markets broke the winning streak and ended lower, underperforming the benchmark indices

The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016

Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today

Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US

In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%

The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24

Market participants are now awaiting Thursday's meeting of the European Central Bank

In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each

Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%

Nifty ends above 8,600; Tata Motors, RIL top leaders

Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon

Gains were led by index heavyweights with Reliance Industries contributing the most.

The BSE Mid-Cap index was currently down 1.25%

Asian Paints was the top gainer after the paints major posted robust first quarter earnings.