Mid and small-cap shares led the sell-off on Dalal Street on Wednesday after US Federal Reserve chief Janet Yellen's averred last night that rate increases are on track. Also, disappointing quarterly results from Tata MotorsBSE 2.14 % and Sun PharmaBSE 4.31 % turned the sentiment negative.
Indian shares underperformed their Asian peers with benchmark indices falling about 0.7% on Wednesday. The Sensex dropped 183.75 points, or 0.65%, to close at 28,155.56. The Nifty declined 67.60 points, or 0.77%, to end at 8,724.70.