The Nifty 50 closed the session down by 0.38%, settling at 24,548 points, while the Sensex ended with a 0.29% loss at 81,291 points. Broader markets also saw declines, with the Nifty Midcap 100 finishing 0.

The Sensex and Nifty opened flat on Wednesday as investors adopted a cautious stance ahead of key inflation data from the US later in the day, as well as the domestic CPI figures on December 12, which are expected to offer insights into the future rate trajectories for both economies.

Equity benchmark indices Sensex and Nifty closed on a flat note on Tuesday amid a lacklustre trade, as investors preferred to stay on the sidelines in the absence of any fresh trigger

The S&P BSE Sensex lost 236.18 points to close at 81,289.96, while the Nifty50 was down 93.10 points to end at 24,548.70.