Global cues caused selling pressure as Asian markets like Nikkei, Shanghai, Hong Song, Australia and Kospi fell 0.5-2 percent after an apparent North Korea missile test that reports said failed.
The 30-share BSE Sensex fell 246.38 points to 29,239.07 and the 50-share NSE Nifty declined 79.05 points to 9,042.45. More than two shares declined for every share rising on the BSE.
Hindalco Industries lost 3 percent on fall in commodity prices while HCL Technologies and Axis Bank were only gainers among Nifty stocks.
Delta Corp shares surged 6 percent as Motilal Oswal has initiated coverage with a buy rating and has set a target price at Rs 229. It cites the approval of a casino in Daman as a key upside trigger and sees gaming capacity to double.
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