The S&P BSE Sensex was down 431 points, or 1.1 per cent, at 38,190 levels. Tata Steel (down 5%) and IndusInd Bank (down 3%) were the top laggards in the Sensex pack. On the other hand, Sun Pharma was up 3 per cent.
The broader Nifty50 index hovered around 11,170, down 130 points, or 1.16 per cent. The Nifty sectoral indices were trading largely in the red. Nifty PSU Bank, Nifty Private Bank, Nifty Bank indexes (all down 1.4 per cent each) bled the most.
In the broader market, the S&P BSE MidCap index tumbled 254 points, or 1.72 per cent, and the S&P BSE SmallCap index was down 184 points, or 1.3 per cent.
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