Mumbai: Benchmark BSE Sensex on Wednesday dived 229 points as concerns over poor macro data and confusion over the US-China trade deal persisted.
Further, continued unrest in Hong Kong led to fall in regional markets, also impacting sentiment on Indian bourses.
After gyrating 386 points during the day, the 30-share Sensex ended 229.02 points, or 0.57 per cent, lower at 40,116.06.
Similarly, the broader NSE Nifty fell 73 points, or 0.61 per cent, to end at 11,840.45.
Rupee crashes to over 2-month low
A sharp depreciation in the Indian rupee too added to investors' woes, traders said. The rupee dropped below the 72-level against the US dollar in intra-day trade.
The Indian unit finally settled at 72.09 registering a fall of 62 paise over its previous close. This is the lowest closing level for the rupee since September 4.
Top gainers and losers
Yes Bank was the top loser in the Sensex pack cracking 6.51 per cent, followed by SBI, Axis Bank, Vedanta, Sun Pharma, ICICI Bank, IndusInd Bank, ITC, Infosys and Tech Mahindra, shedding up to 3.69 per cent.
On the other hand, TCS, RIL, HUL, Maruti and NTPC rose up to 3.76 per cent.
Global Market
Posing questions over the much-anticipated truce deal, US President Donald Trump dubbed China a cheater on trade even as he seeks an initial settlement to calm an 18-month trade war, adding to the uncertainty over the deal between the two countries.
Exchanges in Europe were also trading in the red in their respective early deals.
Besides global weakness, poor domestic factory output numbers dampened marker mood, traders said.
The industrial production shrank by 4.3 per cent in September, registering the weakest performance in seven years due to output decline in manufacturing, mining and electricity sectors, as per official data released on Monday.
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