BSE benchmark Sensex plummeted nearly 390 points to end below 20,000-level on host of negative factors like dismal SBI earnings, U.S. Fed remarks on likely scaling down of monetary stimulus and poor factory output signs in China.

Tracking overnight losses in U.S. markets, the 30-share index sank under immense pressure right in the opening with overseas investors stepping up selling across counters.

Around 19 percent slump in SBI's fourth quarter profit that sent its shares down 8 per cent triggered all-round selling with BSE Realty, Capital Goods, Power and Banking indices falling by 3-6 per cent. L&T, RIL, ICICI Bank, Bharti Airtel, BHEL and Jindal Steel were among major Sensex losers.

Sensex finally closed at a nearly two-week low level of 19,674.33, a fall of 387.91 points, or 1.93 percent. In four days, it has tumbled by 611.79 points or 3.01 percent.

(With PTI Inputs)

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