Mumbai: The benchmark BSE Sensex tanked over 156 points and the NSE Nifty dipped below the 8,200-level in early trade on Wednesday due to sustained selling by participants amid mixed Asian cues.
Caution ahead of expiry of October month contracts in the derivatives segment on Thursday also influenced sentiments.
The 30-share barometer was down by 156.11 points or 0.57% to 27,097.33 in early trade.
The index had lost 217.37 points in the previous two straight sessions.
All the sectoral indices led by banking, realty and capital goods were trading in the negative zone, falling up to 0.94%.
The NSE Nifty slipped below the 8,200-mark by losing 51.90 points or 0.63% to 8,181.00 in early trade.
Brokers said continued selling by investors, taking cues from weak Asian markets following overnight losses at the US markets ahead of a policy statement from the Federal Reserve dampened sentiments.
Investors are awaiting the US Federal Reserve’s policy statement which could provide clues about the timing of an interest rate hike.
Among Asian markets, Shanghai composite was quoting 0.91% lower, Hong Kong’s Hang Seng shed 0.72%, while Japan’s Nikkei up by 0.60% in early trade on Wednesday.
The Dow Jones Industrial Average ended 0.24% lower on Tuesday’s trade.