Benchmark indices plunged on Wednesday after a sharp selling in the last hour of trade. The Sensex slipped by 336 points or 0.92 percent, to settle at 36,108 at close, while the Nifty was at 10,831.50, down by over 91 points or 0.84 percent.

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NSE

Midcaps also ended in the red, but fared slightly better than their frontline peers. The Nifty MidCap ended lower by 0.11 percent, while the BSE MidCap was lower by 0.28 percent.

The advance-decline ratio on the NSE stood at 825 stocks advancing against 1,263 declines. On the BSE, it was at 1075 advances against 1,476 declines.

The Nifty FMCG slumped nearly two percent dragged by ITC, leading the 37 declining sectors. The Nifty PSU Banks, the BSE FMCG and the BSE Consumer Durables were other major lagging sectors.

The Nifty Media, Nifty Pharma and BSE Metal were among six advancing sectors, rising by up to a percent.

Among index gainers, Sun Pharma, Yes Bank, Zee Entertainment, Tata Steel, Wipro, Hindustan Unilever and Bajaj Finance surged between 0.75 percent and 3 percent.

ITC slipped 4.3 percent, while other index losers included Grasim, Indiabulls Housing Finance, Titan, Infosys, M&M, Power Grid, SBI, falling between 1.3 percent and 2.76 percent.

Shares of ITC

erased gains after the company today reported weak operating performance for the quarter ended December. The stock settled over four percent lower.

Yes Bank shares gained nearly three percent ahead of its third quarter results on Thursday, with investors hoping for news on the new chief executive officer.

InterGlobe Aviation Ltd, owner of the country’s biggest airline by market share IndiGo, reported a nearly 75 percent slump in third-quarter profit on Wednesday, hurt by higher crude prices and rupee depreciation.

The rupee traded at 71.32 against the US dollar at 4.16 pm. The domestic currency had opened at 71.20 a dollar, up 24 paise from its Tuesday’s close of 71.44.

Asian indices ended on a mixed note as concern over global growth and uncertainty on the US and China trade negotiations weighed on the sentiment.

Stocks in Japan were largely unaffected by Bank of Japan's decision to leave interest rates unchanged.

The Nikkei ended 0.14 percent lower. Hong Kong's Hang Seng and Shanghai Composite Index ended flat. South Korea's Kospi outperformed, ending 0.47 percent higher.

Also, catch all the highlights from the stock markets today.

(With inputs from agencies)