At close, the Sensex was down 541.81 points or 0.90% at 59,806.28, and the Nifty was down 164.80 points or 0.93% at 17,589.60. About 1558 shares have advanced, 1858 shares declined, and 112 shares are unchanged.
Adani Enterprises, M&M, SBI Life Insurance, Reliance Industries and Adani Ports were among the biggest losers on the Nifty, while gainers included Tata Steel, Larsen and Toubro, Bharti Airtel, Apollo Hospitals and Axis Bank.