Markets closed 131 points down finishing at 16086.Nifty closed 49 points down at 4828.Rupee declines by four paise against dollar.The other Asian markets are trading mixed on Wednesday. While South Korea's Kospi and Hong Kong's Hang Seng are in the green by over 0.3 per cent each, Japan's Nikkei is trading in the red by 0.3 per cent.
The BSE banking index shedding one per cent or 82 points is the biggest loser among the sectoral indices. ICICI Bank, Bank of Baroda, Canara Bank and Union Bank of India are the major losers in this pack.
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