Sensex ends 174 points lower; Bajaj Finance cracks 5%

Equity benchmark BSE Sensex ended 174 points lower after choppy trade on Wednesday, tracking losses in oil and gas, power, metal and auto stocks.

After swinging nearly 400 points during the day, the 30-share index settled 173.78 points or 0.45 per cent lower at 38,557.04. The index hit an intra-day low of 38,474.66 and a high of 38,854.85.

Similarly, the broader NSE Nifty ended 57 points, or 0.49 per cent, lower at 11,498.90 in its fourth straight day of losses. During the day, the index hit a low of 11,475.65 and a high of 11,593.70.

Bajaj Finance was the biggest loser in the Sensex pack, cracking 4.91 per cent.

Shares of Tata Consultancy Services too finished 1.16 per cent lower after the company's June quarter earnings failed to meet market expectations.

Tata Steel, Tata Motors, Axis Bank, L&T, Hero MotoCorp, M&M, Bajaj Auto and SBI also ended up to 2.94 per cent lower.