Sensex falls 183 points, Nifty drops to 24,207.75

Market benchmark indices Sensex and Nifty drifted lower on Wednesday, giving up intraday gains, dragged by Reliance Industries and IT stocks. 

The 30-share BSE Sensex settled at the intraday low of 77,472.94, down 183.15 points, or 0.24 per cent. During the session, the benchmark gained as much as 330.75 points to hit a high of 77,986.84.

The 50-share NSE Nifty was down 126.80 points, or 0.52 per cent, to end at 24,207.75. Among the 30 Sensex firms, Infosys, Bharti Airtel, Larsen & Toubro, Power Grid, Tech Mahindra, NTPC, Mahindra & Mahindra and Reliance Industries were the major laggards.

Kotak Mahindra Bank, UltraTech Cement, Axis Bank and Tata Steel were among the winners.