At close, the Sensex was down 1,064.12 points or 1.30 percent at 80,684.45, and the Nifty was down 332.25 points or 1.35 percent at 24,336. About 1497 shares advanced, 2360 shares declined, and 85 shares unchanged.
Shriram Finance, Bharti Airtel, Grasim Industries, Hero MotoCorp and JSW Steel were top losers on the Nifty, while the only gainer was Cipla.