Stock Markets in India were seen negative trading momentum throughout the day and ended well below the crucial level. Investors were concerned after BJP's BS Yeddyurappa resigned, paving the way for the JD(S)-Congress combines to outline the government.
The BSE Sensex tanked over 232 points, down 7 percent, while the NSE Nifty closed below 10,600 amid selling in sectors such as banking, healthcare, auto and consumer durables. The BSE MidCap index and SmallCap ended the day down 1.6 percent, and 2.2 percent, respectively. The Sensex reached at a peak of 34973.95 and a bottom of 34593.82 points in trade intraday.
The fall was led by NTPC, HUL, Kotak Mahindra Bank, Wipro, HDFC, Bajaj Auto, Tata Steel, Tata Motors, HeroMoto Corp, Yes Bank, Dr Reddy and Sun Pharma by falling upto 4.6 percent.
NSE sectorally, the Nifty PSU Bank index advanced 2.66 percent led by a pickup in the shares of Bank of India, Punjab National Bank and Union Bank of India. However, the Nifty Realty index fell 3.29 percent, while Nifty Pharma and Nifty metal indices went down 2.78 percent and 1.68 percent respectively.
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