3.48 PM: Nifty ends below 11,700, Sensex falls 491 points; Tata Steel plunges 5%

Market Close: Indian indices witnessed sharp fall on June 17 on the back of trade war fears which pulled the Sensex below 39,000 and Nifty below 11,700 level.

At close, the Sensex was down 491.28 points at 38,960.79, while Nifty was down 148.40 points at 11,674.90. About 685 shares have advanced, 1847 shares declined, and 126 shares are unchanged.

Tata Steel, JSW Steel, ONGC, Indiabulls Housing and Tata Motors were among major losers on the Nifty, while gainers were Yes Bank, Zee Entertainment, Coal India and Wipro.

All the sectoral indices ended lower led by metal, energy, bank, auto, pharma, infra and FMCG.

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