The sensexand the nifty plunged over 1.1% due to profit booking by investors and on concerns that RBI may keep its policy rates high to control inflation.
Weak globaltrend following poor economic data in the US and china also impacted the market sentiment.
The sensex was down 240.10 points or 1.12% at 21133 and the Nifty was down 78.9 points or 1.24% at 6276.
All sensex sectoral indices ended in the red. Among them, realty, capital goods, consumer durables and banking indices fell the most by 3.19%, 2.65% and 1.88% respectively.
NTPC, Bajaj auto and RIL were the only three sensex gainers,while the major losers were BHEL, Tata motors, Tata steel, SSLT, and L&T.
European and Asian shares were down as a report showed china's manufacturing activity probably contracted this month..
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