The S&P BSE bankex plunged by 484.14 points, metal index dropped by 351.55 points, oil and gas index slid by 333.85 points, auto index fell by 173.15 points and capital goods index went down by 275.98 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed lower — down by 90.55 points or 1.13 percent at 7,911.85 points.

The major Sensex gainers were: DrReddy, up 2.52 percent at 3,313.85; Tata Consultancy Services (TCS), up 2.43 percent at 2,707.65; Gail, up 2.22 percent at 452.80; Cipla, up 1.33 percent at 608.35; and Infosys, up 1.21 percent at 3,693.65.

The losers were: Axis Bank, down 4.64 percent at 378.35; State Bank of India, down 4.38 percent at 2,378.35; Hindalco Inds, down 4.32 percent at 149.55; BHEL, down 4.10 percent at 203.30; and Reliance Industries, down 3.68 percent at 929.40.

Among the Asian markets, Japan’s Nikkei closed 1.28 percent up. China’s Shanghai Composite Index was marginally higher by 0.07 percent, but Hong Kong’s Hang Seng lost 0.64 percent.

In Europe, London’s FTSE 100 was trading 0.08 percent down. However, Germany’s DAX Index was up by 0.44 percent, and the French CAC 40 Index was higher by 0.28 percent at the closing bell here.