Benchmark indices sold off on June 12, erasing all of the previous session's gains and snapping a six-day gaining streak, as Nifty 50 closed below 24,900 amid broad-based selling.

At close, the Sensex was down 823.16 points or 1 percent at 81,691.98, and the Nifty was down 253.20 points or 1.01 percent at 24,888.20. The broader indices underperformed the main indices with BSE midcap index down 1.5 percent and smallcap index down 1.3 percent.

After a modestly lower start, bears took full control by the afternoon, with extended last hour selling that dragged the Nifty 50 index below 24,900 near day's low, however, managed to hold on to the 20-DMA of 24,860.

Biggest Nifty losers were Tata Motors, Shriram Finance, Trent, Titan Company, Coal India, while gainers were Apollo Hospitals, Dr Reddy's Labs, Bajaj Finserv, Asian Paints, Tech Mahindra.

All the sectoral indices ended in the red with auto, Consumer Durables, FMCG, metal, IT, power, oil & gas, realty down 1-2 percent.

In stock specific action, Paytm shares tumbled 7% after FinMin says no plan to levy MDR charge on UPI transactions, MapmyIndia shares dropped 9% after 28.6 lakh shares change hands, Kellton Tech Solutions shares rose 5 percent as company board to consider fundraising on June 19, Zee Entertainment shares gained 1.5 percent ahead of board meeting on June 16, Sterlite Technologies share price added 9 percent on signing agreement with BSNL for Rs 2,631.14 crore telecom project.

Nearly 100 stocks on the BSE touched their 52-week highs, including Eris Lifesciences, AstraZeneca Pharma, Manappuram Finance, Muthoot Finance, Anupam Rasayan, AU Small Finance, Divis Labs, Deepak Fertilsers, Procter and Gamble Health, Intellect Design, Laurus Labs, among others.