Closing Bell: Sensex ends 119 pts lower, Nifty below 10,800; Eicher Motors slides 5%

: Benchmark indices erased all its intraday gains and ended in red on the back of last hour selling pressure.

The Sensex was down 119.51 points at 36034.11, while Nifty was down 37.70 points at 10793.70. About 968 shares have advanced, 1544 shares declined, and 128 shares are unchanged.

Adani Ports, Indiabulls Housing, UPL, Tata Motors and HDFC were the top gainers on the Nifty, while losers included Eicher Motors, IOC, HPCL, GAIL and ONGC.

Except IT index, all other sectoral indices closed in red led by Nifty PSU bank, infra, energy, auto, pharma and metal.

Share price of CG Powerdeclined 29 percent intraday Wednesday after company posted net loss for the quarter ended December 2018.

Consolidated net profit up 53% atRs 9.8 crore against Rs6.4 crore, YoY.

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Consolidated net profit up 14% at Rs 19.8 crore against Rs 17.4 crore. Revenue up 12% at Rs 314 crore against Rs 280.3 crore, YoY.

Automotive solutions provider Bosch's third quarter profit grew by 19.3 percent year-on-year to Rs 335.4 crore despite tepid revenue growth and lower operating income. The profitability growth was driven by other income.

The profit before tax (PBT) stood at Rs 490 crore, registering a growth of 15.8 percent over the same period of previous year on account of improved operational efficiency, favorable product mix and higher investment income which was partially offset by negative exchange rate on material cost, the company said.

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:Consolidate net loss at Rs 2.8 crore against loss of Rs 3.2 crore, revenue up 35.5% at Rs 38.5 crore against Rs28.4 crore.

India VIX, the indicator of volatility, is down over 0.5% at 15.75.

Sensex is up 95.58 points or 0.26% at 36249.20, and the Nifty up 26.10 points or 0.24% at 10857.50. About 1060 shares have advanced, 1154 shares declined, and 105 shares are unchanged.

Skechers USA has bought out Kishore Biyani-led Future Group's 49 percent stake in its Indian joint venture (JV) for an undisclosed sum. With this, Skechers India has become a wholly-owned subsidiary of the American footwear major.