Indian markets ended with major cuts, mirroring weak cues across Asia and Europe. The S&P BSE Sensex fell 7.96 percent to end at 31,390. This was the lowest level since 29 September, 2017.
All of the 30 constituents ended with losses, with 24 of them ending at a 52-week low. The NSE Nifty 50 Index too fell 7.6 percent to close at 9,197. These levels were last seen in April 2017.
Nifty Bank, Nifty IT & Nifty Realty were the other indices that ended with cuts of 8 percent or more. Advance decline was firmly in favour of the declines. 1,350 stocks ended with cuts while 224 stocks saw gains at the close of trade.
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