Market retreats from record highs: Sensex tanks 580 points, Nifty drops below 12,800
Similarly, the broader NSE
SBI was the top laggard in the
On the other hand, PowerGrid, ITC, NTPC, Tata Steel and Titan were among the gainers.
"Domestic equities witnessed sharp fall as fear of economic restrictions after closure of public school system in New York resulted in profit booking across all markets," said Arjun Yash Mahajan, Head Institutional Business at Reliance Securities.
After seeing such a sharp rally since the beginning of November, profit-booking was anticipated, he said, adding financials witnessed steep correction.
Most of the sectoral indices ended in red. However, traction in mid-cap and small-cap stocks remained visible, he added.
Elsewhere in Asia, bourses in Hong Kong and Seoul ended in the red, while Shanghai and Tokyo closed in the positive territory.
Stock exchanges in Europe also opened with sharp losses.
Meanwhile, Brent crude futures, the global oil benchmark, slipped 0.65 per cent to USD 44.05 per barrel.
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