Sensex was down 746.22 points or 1.50% at 48,878.54, and the Nifty was down 218.50 points or 1.50% at 14,371.90. About 960 shares have advanced, 1961 shares declined, and 132 shares are unchanged. Axis Bank, Asian Paints, JSW Steel, Hindalco Industries and SBI were among major losers on the Nifty, while gainers included Bajaj Auto, Hero MotoCorp, Eicher Motors, HUL and TCS. Among sectors, Nifty Bank, metal and PSU bank indices shed 3 percent each, while energy, pharma and infra sectors fell 1 percent each.

Sensex was down 746.22 points or 1.50% at 48,878.54, and the Nifty was down 218.50 points or 1.50% at 14,371.90. About 960 shares have advanced, 1961 shares declined, and 132 shares are unchanged. Axis Bank, Asian Paints, JSW Steel, Hindalco Industries and SBI were among major losers on the Nifty, while gainers included Bajaj Auto, Hero MotoCorp, Eicher Motors, HUL and TCS. Among sectors, Nifty Bank, metal and PSU bank indices shed 3 percent each, while energy, pharma and infra sectors fell 1 percent each.