After trading range-bound for most part of the day, equity markets turned sharply lower in fag-end dragged by IT, financial, and pharma shares.
The S&P BSE Sensex dropped 434 points, or 0.59 per cent, to end at 72,623 levels, while the Nifty50 shut shop at 22,055, down 142 points or 0.64 per cent.
The indices hit intraday lows of 72,451, and 21,998, respectively.
Power Grid, NTPC, Wipro, Infosys, Tech M, L&T, HCL Tech, Bajaj Finance, Bajaj Finserv, HDFC Bank, Kotak Bank, Titan, ITC, and TCS were the top laggards, down between 1 per cent and 3 per cent.
In the broader markets, the BSE MidCap index fell 1.27 per cent, while the BSE SmallCap index declined 0.84 per cent.
Among sectors, the Nifty Media index tumbled 4.8 per cent, the Nifty IT index 1.7 per cent, and the Nifty Pharma index 0.5 per cent. On the upside, the Nifty Realty index gained 1.96 per cent.
Global Cues
In Asia this morning, key markets trading on a flat note following tepid cues from the US peers.
Overnight, the US market ended with losses with Nasdaq down 0.9 per cent ahead of the highly anticipated Nvidia earnings later tonight. Dow Jones was down 0.2 per cent.
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