Benchmark indices posted their biggest one-day loss in percentage terms since June 24. Broader markets underperformed with the Midcap index positing biggest one fall in six months.
The market breadth remained in favour of declines. About three shares fell for every share rising on the Bombay Stock Exchange.
European markets were down 1.5-2 percent on fears of Federal Reserve considering rate hike next week in a policy meeting.
ITC, L&T, Tata Motors, SBI, ICICI Bank and Axis Bank were down 2-4 percent whereas IT outperformed.
The 30-share BSE Sensex was down 443.71 points or 1.54 percent at 28353.54 and the 50-share NSE Nifty down 151.10 points or 1.70 percent at 8715.60.
The market breadth remained in favour of declines. About three shares fell for every share rising on the Bombay Stock Exchange.
European markets were down 1.5-2 percent on fears of Federal Reserve considering rate hike next week in a policy meeting.
ITC, L&T, Tata Motors, SBI, ICICI Bank and Axis Bank were down 2-4 percent whereas IT outperformed.
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