Sensex provisionally closed 0.4 percent lower on Wednesday,with software companies leading the fall as European markets slipped in the red.
The 30-share BSE index provisionally ended down 0.44 percent or 78.73 points at 17,907.17 points with 23 components losing ground.
The 50-share NSE index provisionally closed down 0.4 percent at 5,378 points.
Volatility makes Sensex do a U-turn
Earlier in teh afternoon,Indian shares turned negative on Wednesday afternoon after touching their highest level since February 2008,as European shares pared early gains.
At 3:07 p.m. 0937 GMT,the 30-share BSE index was down 0.2 percent at 17,958.49.86 points,with two-thirds of its components declining. It had risen as high as 18,167.22.
The 50-share NSE index was down 0.2 percent at 5,390.40.
Sensex surges to its highest since Feb 8217;08
The BSE benchmark Sensex rose 1 per cent in early trade on Wednesday to their highest level since February 2008,with ICICI Bank and Reliance Industries leading the gains,taking cues from strong Asian markets.
At 9:01 a.m.,the 30-share BSE index was up 0.91 per cent at 18,149.86 points,with all components advancing. It rose as high as 18,167.22.
The 50-share NSE index was up 0.8 per cent at 5,444.30.