It was yet another volatile day, when the benchmark indices closed negative for the third consecutive day, due to profit booking by investors.

However, mix of short covering and buying in spot led by upswing in European markets helped indices to recover some losses.

The BSE Sensex closed lower by 80.57 points at 10,817.54, while NSE Nifty ended the day, down by 35 points at 3,330.30. The BSE Sensex touched intraday high of 11,036.24 and intraday low of 10,715.66.

In addition, BSE Mid Cap and Small Cap indices also settled the day with losses of 40.37 and 65.30 points at 3,482.78 and 3,962.68 respectively.

On Wednesday, the domestic market opened on pleasant note on firm cues from the US markets. However, after few minutes of trading, investors turned cautious on account of corporate results session, which led volatility in the market.

In addition, investors were also seen cautious on political uncertainty as polling for 15th Lok Sabha elections is being held in the country.

On the sectoral front, Reality (-4.68%), Consumer Durables (-3.99%), Capital Goods (-2.80%), Auto(- 2.23%) and Power (- 1.56%) stocks contributed to most of the selling pressure.

However, FMCG stocks (0.18%) and IT (0.10%) were in limelight as witnessed most of the buying from its basket. Today, Mid Cap and Small Cap stocks are also remained out of favour.

Losers from the BSE Sensex pack were Maruti Suzuki (4.45%), DLF Ltd (4.30%), Sterlite Industries (3.87%), BHEL (3.55%), Tata Power (3.29%), Sun Pharma (3.25%), L&T Ltd (3.12%), M&M Ltd (3.11%) and ONGC Ltd (2.72%).

Gainers from the BSE Sensex pack were ACC Ltd (5.26%), Wipro Ltd (2.70%), Infosys Tech (1.16%), ITC Ltd (0.74%), Reliance (0.59%) and ICICI Bank (0.35%).