After a weak start in the opening session, indices have nosedived further, led by stocks from the financial, realty and metal space. Muted trades in global markets also dragged the benchmark indices lower.
At the closing Sensex was down 587 points, while Nifty was dragged down below 10,750 levels.
Among sectoral indices, Nifty Realty was the major loser in trade today plunging 6%, after DLF plummeted by as much as 20% after the company received non-disclosure notice from the Supreme Court.
Yes Bank shares also hit a 52-week low, after sinking 17% in afternoon session on CG Power woes.
Shares of LIC Housing Finance also cracked 8% on report of Fidelity selling stake in company.
Nifty FMCG however gained despite weak market sentiment, with shares of Britannia, GlaxoSmithKline Consumer and HUL being the top gainers in the pack.
Meanwhile, rupee in trade today weakened to its lowest levels in 2019 and nears 72 mark against the dollar as weakness in Yuan weighed.