After rising over 40 points in early trade, the BSE benchmark Sensex wiped off its inital gains and was trading over 100 points down in late morning trade on Wednesday.
At 11.09 am, Sensex was down 104.98 points at 20759.99. Similarly, Nifty was down 30.80 points at 6172.00 during the same time.
The 30-share index gained 40.13 points, or 0.19 per cent, to 20,905.10 in early trade with consumer durables, realty, metal and power sector stocks leading the recovery. The Sensex had shed 28.92 points in Monday's volatile session.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 11.45 points, or 0.18 per cent, to 6,214.25.
In the Asian region, Japan's Nikkei rose 0.48 per cent, while Hong Kong's Hang Seng index gained 0.60 per cent in early trade.
The US Dow Jones Industrial Average ended 0.49 per cent higher in previous session.