The market continues to reel under pressure, as the the Sensex is down 130.83 points or 0.5 percent at 26422.09, and the Nifty down 45.40 points or 0.6 percent at 7994.80. About 751 shares have advanced, 1388 shares declined, and 91 shares are unchanged.
Hero MotoCorp, Coal India, NTPC, HUL and Maruti are top gainers while Bharti Airtel, Tata Steel, Vedanta, Sun Pharma and Axis Bank are losers in the Sensex.
Gold held near a one-month low and looked likely to drop below the USD 1,100-an-ounce level after Federal Reserve Chair Janet Yellen bolstered market expectations for a US interest rate hike in December.
Yellen pointed to a possible December interest rate lift-off and laid out what now appears the base case at the US central bank - that low unemployment, continued growth and faith in a coming return of inflation means the country is ready for higher interest rates. Other Fed officials also voiced similar opinions, sending non-interest-paying bullion lower for a sixth straight session on Wednesday.
Read More - Sensex & Nifty Updates
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