The equity market closed on a dismal and disappointing note on Wednesday, as investors booked their profits across the sectoral indices, due to weak cues from the global markets.

The BSE Sensex closed lower by 435.07 points or 2.91% at 14,522.84 while NSE Nifty fell by 161.65 points or 3.58% to settle at 4,356.15. The BSE Sensex touched intraday high of 14,996.39 and intraday low of 14,447.02.

Further, the BSE Mid Caps and Small Caps Indices also closed with losses of 205.09 and 224.82 points at 5,021.07 and 5,786.54 respectively. The market opened today on a soft note, in the steps of mixed global cues, but it managed to recover smartly from the fall on the back of surge in the Chinese stocks.

However, during mid-day trading hours, the key benchmark indices witnessed a sudden fall in its momentum on the back of heavy cash-based selling, which pulled down the market into negative territory, to close the day with loss of 435 pts.

On the sectoral front, the Realty, Metal Oil and Gas stocks have taken a bad hit on heavy selling pressures across the counters.

The losers from the BSE Sensex pack were Tata Steel (7.52%), Tata Motors (7.36%), JP Associates (6.28%), Reliance Communication (5.92%), DLF (5.66%), ONGC
(5.36%) and Hindalco Inds (5.25%).

However, the gainer from the BSE Sensex list includes only name of Tata Power (0.03%).