Despite the sharp fall, the benchmark Nifty resisted the intensity with which the US markets fell overnight. With 48 shares on the decline, the 50-share NSENifty crashed 120 points to 4,998 and the 30-share BSE Sensex lost 391 points to trade at 16,598.
Indian rupee crossed the 45 per US dollar mark, which indicates that foreign institutional investors may be offloading their exposure; rupee was trading at 45.4/USD.
All sectoral indices were in the red. The BSE IT, Metal, Realty, Healthcare, Power, Capital Goods, Bank and Auto indices tumbled 2-3.5%.
However, only ONGC and BPCL were on buyers' radar due to fall in crude oil prices.
About 16 shares were falling for every one share rising on the National Stock Exchange.
At 9:18 hours IST: S&P ghost continues to hound, Nifty below 5K since June '10
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