Indian share markets declined in trade on Wednesday led by rising coronavirus cases that continued to take a toll on investor sentiment.

The BSE Sensex cracked 871 points lower at 49,180 while the NSE Nifty 50 index fell 265 points to end at 14,549. Both benchmark indices fell the lowest level in a month. 47 out of the 50 index constituents ended with losses.

Tata Steel, Adani Ports, Tata Motors, Hindalco and UPL were the top losers in today's bearish market, while the top gainers have been stocks including Cipla, Asian Paints and Power Grid.

Among Nifty sectoral indices, metal and the PSU Bank pack bled the most losing over 3percent. Also, other indices traded in the red barring the pharma space which saw minor gains. The Nifty Bank index fell 2.6 percent or close to 900 points to end at 33,293. The index has fallen to its lowest in nearly two months.

PSU Banks and Metals were the top sectoral laggards in today's trading session. Both the indices fell 3.3percent each in today's trading session.

The Nifty Realty index fell 3 percent while the Nifty Auto and Nifty Media indices fell 2.5percent each while the FMCG and I.T. indices saw losses of over 1 percent. Broader markets also fell largely in-line with the benchmark indices. Both Nifty Midcap and Nifty Smallcap indices fell over 2percent each at the close of trade.

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