The markets failed to hold early gains and tumbled with the Bombay Stock Exchange benchmark Sensex closing below 19,000 points level on Wednesday on selling by funds in heavyweight stocks.
The Sensex, which commenced the day with a gain of 189 points, rolled down to close at 18,938.87, down by 188.86 points.
The barometer touched the day's low of 18,884.20 and a high of 19,316.76 points.
The key-index had last seen a level below 19,000 points on October 25, when it traded at 18,770.86 points.
Similarly, the second wide-based National Stock Exchange index Nifty lost 70.60 points at 5,617.55.
Nifty touched the day's low of 5,595.50 and a high of 5,749.95 points.
The major weakness was noticed in metal stocks which pulled down the index by 367.69 points at 16,976.36, followed by oil and gas index by 279.42 points at 11,917.58. Capital goods index also lost 198.54 points at 19,554.19.
Auto index firmed by 55.94 points at 5404.15, averted the Sensex from any further fall.