Benchmark stock indices Sensex declined by 505 points at close while Nifty settled lower at the 19,330 level due to profit-taking in financial, IT and oil shares after a record-breaking run and weak global trends.
The 30-share BSE Sensex fell sharply by 505.19 points or 0.77 per cent to close at 65,280.45 points as 25 of its constituents ended in red and five in green.
The barometer moved between 65,175.74 and 65,898.98 during the day. Ending its eight-day winning streak, the broader Nifty of the National Stock Exchange declined by 165.50 or 0.85 per cent to settle at 19,331.80.
As many as 44 Nifty shares declined while six gained. Among major Sensex shares, PowerGrid fell the most by 2.76 per cent. IndusInd Bank dropped 2.34 per cent, HUL by 2.23 per cent and NTPC by 2.04 per cent. ICICI Bank, HDFC Bank, HDFC, ITC, Infosys, L&T, Bajaj Finance, Kotak Bank, HCL Tech and Tech Mahindra were among the losers.