Sensex falls 268 points as FPIs flee

Benchmark indices fell on Wednesday as investors remained cautious amid dwindling foreign portfolio investments and weak corporate earnings. 

The BSE S&P Sensex closed 268 points lower at 37060, while the Nifty was ended 37 points down at 11919. 

All sectoral indices were in the red at the National Stock Exchange. Nifty PSU banks suffered the most and slipped by 2.95%. Nifty Metal fell 2.89% while realty index edged lower by 1.99%, media by 1.45%, private banks by 1.04% and pharma by 0.93%. 

Among stocks, CG Power and Industrial Solutions Ltd plummeted by another 20% to Rs 11.80 per share, a day after it dropped by 19.84%. YES Bank, which owns 12.8% stake in the fraud-ridden CG Power, lost by 8.6% to close the day at Rs 65.06 per share.

However, auto stocks gained marginally. Hero MotoCorp, Maruti, Eicher Motors and Bajaj Auto gained between 0.4% to 1.6%.