Indian equity markets fell for the second time in the last three sessions, erasing the gains made on Tuesday, 31 March.
The S&P BSE Sensex plunged 1,203 points to end at 28,265 on Wednesday, 1 April, with 27 out of the 30 index constituents ending the day with losses.
Meanwhile, Nifty tanked 343 points to 8,253 on Wednesday. As compared to Sensex, Nifty had four stocks that ended with gains.
All sectoral indices ended lower, led by the Nifty IT index, which fell 5.5 percent. The FMCG and Media index fell over 3 percent while others fell between 1-2 percent.
However, market breadth remained in favour of the advances. 937 stocks ended the day with gains while 822 posted declines.
In the opening session on Wednesday, Sensex had slipped 258 points to 29,210, while Nifty shed 61 points to 8,536, as the nation entered eighth day of the lockdown over COVID-19 pandemic.
Both Sensex and Nifty are coming off their worst ever March and one of their worst ever quarterly performance.
(With inputs from PTI and BloombegQuint.)
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