Equities are closing the session with cuts of over a percent on both indices. The Nifty ended below 10,700, while the Sensex ended nearly 400 points lower.
Amid an all-round sell-off among sectors, financials, automobiles, and metals bled, while investors also dumped in the midcaps space.
All of this added to the volatility on the market.
At the close of market hours, the Sensex was down 377.81 points or 1.05% at 35513.71, and the Nifty lower by 120.20 points or 1.11% at 10672.30. The market breadth was negative as 962 shares advanced, against a decline of 1,588 shares, while 151 shares were unchanged.
Asian Paints, HUL, and Bharti Infratel were the top gainers, while ONGC, M&M, IOC and Eicher Motors lost the most.