<p>Market Closing: Benchmark indices ended sharply lower, continuing weakness for the fourth consecutive session amid uncertainty over government formation in Karnataka, likely fiscal imbalance due to higher crude oil prices and weaker rupee.
The 30-share BSE Sensex was down 300.82 points at 34,848.30 and the 50-share NSE Nifty fell 86.30 points to 10,596.40.
L&T, Maruti, ICICI Bank, Cipla and Grasim were losers while Bajaj Finance, Bajaj Finserv, HUL, ITC and Kotak Mahindra Bank were gainers.
Nifty Midcap index fell 250 points.
Amara Raja Batteries, SRF, Voltas, Avenue Supermarts, Nalco, Graphite India, HEG, Escorts, Jyothy Labs, Radico Khaitan, Wockhardt, Jet Airways, Venkys and Granules India fell up to 13 percent.
Strides Shasun down 23 percent.
Colgate Palmolive, Jubilant Foodworks, Endurance Technologies, Balrampur Chini, Dhampur Sugar, JK Tyre, Central Bank of India, Karnataka Bank, Rupa and PI Industries gained up to 7 percent.</>