Indian equities markets pared some of their losses on Wednesday with a benchmark index closing 346 points lower.
It had fallen 586 points in intra-day trade as traders, spooked by a weak rupee and global economic turmoil, sold in droves across the market breadth.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened lower at 15,969.6 points, closed at 15,718.88 points (provisional) - down 346.54 points or 2.16% from its previous close at 16,065.42 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended in the red, 101.4 points or 2.11% lower at 4,710.95 points.
Broader markets on Wednesday also closed lower with the BSE 500 index down 2.06%. The BSE midcap index was trading 1.96% lower, while the BSE smallcap index was down 1.65%.