The benchmark Sensex fell below the psychologically important 18,000-mark while the Nifty tanked below the 5400 level, which was on expected lines. The sell-off was due after heavy fall across the globe on the back of economic worries in the US despite Barack Obama signed debt deal.
The 30-share BSE Sensex was trading at 17,896, down 214 points and the 50-share NSE Nifty fell 66 points to 5390.
Heavyweights like Reliance Industries, Bharti, L&T, TCS, SBI, BHEL and ICICI Bank were down between 1% and 2%.
However, ONGC gained over 1% as it seemed that government may not go for follow-on public route due to prevailing weak market conditions.
GAIL and BPCL were other gainers.
Midcaps like SpiceJet, Jet Airways, Peninsula Land, Shriram City and Allcargo Global were up 2.5-5%. However, KGN Inds, Jubiland Food, Pantaloon Retail, IVRCL and TTK Prestige lost 4-5%.
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