Sensex falls 250 points, Nifty slips below 10,800

New Delhi: Markets fell for the second straight day on Wednesday in tandem with global stocks.

The BSE Sensex tumbled 249.90 points, or 0.69 percent, to close at 35,884.41. Similarly, the broader NSE Nifty fell 84.55 points, or 0.74 percent, to end at 10,784.95.

All the sectoral indices led by metal, auto, healthcare, power ended in red.

The Reserve Bank of India Wednesday left the repo rate unchanged at 6.5 percent while maintaining the stance of 'calibrated tightening' of policy.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 55.89 crore Tuesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 521.38 crore, provisional data available with BSE showed.

Shares of Sun Pharm closed lower for a third straight session to 6.59 percent after report that regulator Sebi may reopen the insider trading case against the company.

Other laggards included Tata Steel, Vedanta, Tata Motors, M&M, Coal India, ITC, Maruti, IndusInd Bank, ICICI, PowerGrid  and Bharti Airtel, falling by upto 4.27 percent.

While, HUL, HDFC, HDFC Bank, Wipro, RIL and Adani Ports and were the top gainers, rising up to 2.07 percent.