Losses were attributed largely to Ben Bernanke, Chairman of the US Federal Reserve who did not hint at any more easing to propel growth. Marktetmen were eagerly awaiting announcement of easing measures which would provide further liquidity into the system.
Earlier on Wednesday there was liquidity easing by the European Central Bank by way of second round of LTRO. Among the early losers were BHEL, Axis Bank and Hindalco. ONGC continued to gain as the share auction by the government opens today.