The 30-share BSE Sensex pack dived 530 points or 0.71 per cent to trade at 74,640, while the broader NSE Nifty index moved 168 points or 0.73 per cent down to 22,721 level.
Domestic stocks saw a sharp correction in Wednesday’s late morning deals, dragged by banks, financials, automobile and IT stocks.
Selling in select heavyweights such as HDFC Bank, ICICI Bank, Axis Bank, Reliance Industries, Larsen & Tourbro (L&T), Infosys, SBI, M&M and TCS pulled the indices lower.
The 30-share BSE Sensex pack dived 530 points or 0.71 per cent to trade at 74,640, while the broader NSE Nifty index moved 168 points or 0.73 per cent down to 22,721 level. Such was the fall in the domestic bourses that around Rs 1.3 lakh crore of BSE market capitalisation (m-cap) was wiped out.
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