Markets closed in the negative for the fifth straight session on Wednesday with the benchmark Sensex frittering away gains on late-selling to end 32.14 points down at over two-week low of 28,850.97 amid high volatility.

The NSE Nifty barometer fell by 12 points to end at 8,711.70, its weakest close since January 20, 2015.

After a sedate start, indices surged to highs with the BSE Sensex hitting 29,277.83, up almost 395 points. However, unimpressive corporate earnings and weak global cues pulled Sensex down at 28,850.97, down 32.14 points or 0.11 per cent.

Key indices in Japan, Taiwan, Singapore, China and South Korea ended lower by 0.32 per cent to 1.18 per cent while Hong Kong’s Hang Seng index finished 0.35 per cent higher. European markets were also trading lower as key indices in France, Germany and the UK eased by 0.04 per cent to 0.31 per cent.