Indian equity indices fell on Monday after a six-day winning streak, driven down by energy, automobile, and pharmaceutical stocks. Index heavyweight Reliance Industries fell more than 3% today after reporting lower-than-expected earnings for the June quarter, highlighting a global recession risk that might harm oil refining margins.

The 30-share BSE Sensex sank 306 points, or 0.55 percent, to 55,766 Wednesday, while the broader NSE Nifty fell 88 points, or 0.53 percent, to 16,631. Mid- and small-cap stocks finished down, with the Nifty Midcap 100 down 0.9% and the small-cap index down 0.58 percent.

The NSE's 13 sector indicators are finished in red. Nifty Oil & Gas, Nifty Auto, and Nifty Pharma sub-indices all underperformed the NSE platform, losing as much as 1.36%, 1.67%, and 1.02%, respectively. Nifty Metal and Nifty IT, on the other hand, gained as much as 1.42 percent and O.17 percent, respectively.

Mahindra and Mahindra was the highest Nifty loss, falling 3.99 percent to Rs. 1,134. Among the laggards were Reliance Industries, Maruti, Eicher Motors, and ONGC.

On BSE index, M&M, Reliance, Maruti, Kotak Mahindra Bank, Tech Mahindra, UltraTech Cement, Nestle India, Dr Reddy's, Bajaj Finserv, Hindustan Unilever, PowerGrid, and Sun Pharma were among the top losers  with shares falling as high as 3.80 percent.

On the other hand, Tata Steel, IndusInd Bank, Asian Paints, HCL Technologies, Wipro, NTPC, SBI, L&T, HDFC, ITC, HDFC Bank, Titan, and ICICI Bank,  concluded in the green.

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