The S&P BSE Sensex was down 1,428 points, or 3.8 per cent, at 36,140 levels. ONGC (down 10%), Powergrid, IndusInd Bank, Tata Steel, and Reliance Industries (all down 5%) each were the top laggards in the Sensex pack.
The broader Nifty50 index slipped below the 10,600 levels, down 390 points, or 3.56 per cent. All the Nifty sectoral indices were in the red. Nifty Metal index, down 4 per cent, bled the most.
In the broader market, the S&P BSE MidCap index was down 340 points, or 2.38 per cent, and the S&P BSE SmallCap index dipped 308 points, or 2.3 per cent.