Global cues were extremely weak with the US markets closing with solid cuts overnight, while Asian markets from the Japanese Nikkei to the Hong Kong's Hang Sang were lower.
Weakish sentiments from across the globe, led the Sensex to fall 114 points, while the Nifty was down 32 points in trade.
Shares in Yes Bank gained as much as 21 per cent, recouping most of Tuesday's losses, as pledged share sale almost ended. Clarifications from the management also led to some recovery in the stock. Most stocks from the financial sector saw gains including the beaten down names like RBL Bank, LIC Housing Finance and Yes Bank were among the big gainers in trade.
Markets are expected to continue to display weakness as global growth worries continue to weigh across markets. Investors are advised some caution, as weakness may continue to persist in the coming days.