The overall market capitalisation of firms listed on the BSE plunged to nearly ₹457.3 lakh crore from nearly ₹463.3 lakh crore in the previous session, making investors poorer by about ₹6 lakh crore in a day.

Wipro's shares rose by up to 3% as the company announced plans for a bonus issue.

Despite the formation of a black candle on the daily chart, the index managed to close just above the previous day’s level, suggesting a potential consolidation phase.

However, from a technical perspective, momentum indicators remain negative as the index continues to trade below its short-term moving averages

Sensex closed 203 points, or 0.25 percent, lower at 82,352.64; the Nifty 50 closed with a loss of 81 points, or 0.32 percent, at 25,198.70. The BSE Midcap index also declined by 0.12 percent, but the Smallcap index bucked the trend, rising 0.3

But, sectors like auto, media, metal, consumer durables, and public sector banks witnessed declines in the morning session.

The indices are poised for new records; concerns loom over slower GDP growth and a dip in GST collections; economic data lacks excitement; crude oil dips; dollar strengthens.

Minimum eligibility for listing: An operating revenue of $20 million, a pre-tax profit of $1 million, and a post-issue market capitalisation of $25 million.

The Sensex closed 231 points, or 0.28 percent, higher at 82,365.77, while the Nifty 50 settled 84 points, or 0.33 percent, higher at 25,235.90.

In early trading, the Sensex rose to 82,637, and the Nifty reached 25,258.8 before retracting.