BSE Sensex tumbled 586.66 points or 1.10% to close at 52,553.40; NSE Nifty slumped 171 points or 1.07% to 15,752.40
Domestic equity benchmarks posted their biggest drop in more than two months on July 19 as a sell off in global markets and lacklustre corporate results sapped risk appetite.
A plunging rupee, which slumped 31 paise against the U.S. dollar, also weighed on sentiment, traders said.
The 30-share BSE Sensex tumbled 586.66 points or 1.10% to close at 52,553.40. This was its biggest fall since April 30 this year.
Similarly, the broader NSE Nifty slumped 171 points or 1.07% to 15,752.40.
HDFC Bank was the top loser in the Sensex pack, skidding 3.34%, after the country’s largest private sector lender on Saturday posted a 14% rise in Q1 net profit but also reported reverses on the asset quality front.
IndusInd Bank, HDFC, Axis Bank, Maruti, Bajaj Finance and Kotak Bank were among the other major laggards, dropping up to 2.78%.
Only four Sensex constituents closed in the green…