The BSE benchmark index Sensex fell sharply by 366 points to close at nearly four-month low level on heavy selling in IT, capital goods and banking stocks amid weak global trends.
The 30-share index, which had remained volatile in last few sessions on taxing foreign investors, plunged by 366.53 points, or 2.17 percent, to 16,546.18, a level last seen on January 18.
The broad-based National Stock Exchange index Nifty dropped 114.20 points, or 2.23 percent, to 4,999.95.
Brokers said a weakening trend in global markets after France and Greece poll results cast a shadow on eurozone’s ability to overcome crisis, influenced the market sentiment.
IT major TCS fell the most among 30 Sensex stocks declining by 5.77 percent to Rs 1,200.35. Another IT giant Infosys fell 1.59 percent to Rs 2,391.95.
FMCG major ITC fell by 3.97 percent to Rs 227.30, while Larsen and Toubro lost 3.7 percent Rs 1,158.40.
Among banking stocks, HDFC declined by 3.14 per cent, while banking behemoth SBI fell by 3.32 percent.
Asian markets were mixed today after suffering heavy losses in the previous day on eurozone uncertainty.
PTI