On the BSE, capital goods, power, realty, bank, auto, metal and oil & gas were down 1-3 percent each.
The broader indices BSE midcap and smallcap shed 2 percent each.
A short build-up was seen in Mahindra & Mahindra Financial Services, Power Grid Corporation and Indiabulls Housing Finance, while a long build-up was witnessed in Dr Lal PathLabs, ITC and Sun Pharma.
Among individual stocks, a volume spike of more than 600 percent was seen in Escorts, PVR and Mahindra & Mahindra Financial Services.
Matrimony.com, Biocon, Indian Energy Exchange, IOC, Hindustan Oil Exploration, Hester Biosciences, Gland Pharma were among the stocks which touched their 52-week low on the BSE.
However, more than 100 stocks hit 52-week high, including PC Jeweller, Page Industries, Omax Autos, Maruti Suzuki, ITC, Escorts Kubota, Hercules Hoists, Aditya Birla Fashion and Butterfly Gandhimathi Appliances.
The Indian market witnessed a sharp fall due to weak global cues. The level of 112 on the dollar index and the level of 82 in USDINR spooked the market.
FIIs have started selling again, therefore we are seeing selling pressure in large-cap stocks. Global markets are nervous after the recent 75 basis rate hike and hawkish commentary by the US Fed.
Technically, Nifty closed below the 50-DMA with a breakdown of a bearish head and shoulder formation that may lead to further weakness.
The broader indices BSE midcap and smallcap shed 2 percent each.
A short build-up was seen in Mahindra & Mahindra Financial Services, Power Grid Corporation and Indiabulls Housing Finance, while a long build-up was witnessed in Dr Lal PathLabs, ITC and Sun Pharma.
Among individual stocks, a volume spike of more than 600 percent was seen in Escorts, PVR and Mahindra & Mahindra Financial Services.
Matrimony.com, Biocon, Indian Energy Exchange, IOC, Hindustan Oil Exploration, Hester Biosciences, Gland Pharma were among the stocks which touched their 52-week low on the BSE.
However, more than 100 stocks hit 52-week high, including PC Jeweller, Page Industries, Omax Autos, Maruti Suzuki, ITC, Escorts Kubota, Hercules Hoists, Aditya Birla Fashion and Butterfly Gandhimathi Appliances.
The Indian market witnessed a sharp fall due to weak global cues. The level of 112 on the dollar index and the level of 82 in USDINR spooked the market.
FIIs have started selling again, therefore we are seeing selling pressure in large-cap stocks. Global markets are nervous after the recent 75 basis rate hike and hawkish commentary by the US Fed.
Technically, Nifty closed below the 50-DMA with a breakdown of a bearish head and shoulder formation that may lead to further weakness.
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