Indian benchmark indices saw a sharp correction on Wednesday's session amid selling pressure ahead of the final phase of elections. The Nifty 50 index declined by 0.80 percent, or 183 points, to close at 22,704.70, while the BSE Sensex fell by 667 points, or 0.89 percent, settling at 74,502.90. All indices except for the Nifty Small Cap 100, faced selling pressure and closed with declines.