Sensex falls 334 points, autos and financials bleed

Key equity indicators erased morning gains and nosedived in the afternoon session on Wednesday amid broad-based selling pressure. At the closing bell, the BSE S&P Sensex was down by 334 points or 0.64 per cent at 51,942 while the Nifty 50 edged lower by 105 points or 0.67 per cent to 15,635. All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank ticking down by 1.4 per cent, realty by 1.6 per cent and auto by 1.3 per cent. Among stocks, Tata Motors was the top loser with a drop of 2.6 per cent to Rs 343.55 per share while Maruti Suzuki lost by 1.3 per cent to close the day at Rs 7,238.55.