Technology shares were beaten down badly on Nasdaq. IT bellwether Infosys was the top loser, down 6.3%, other rivals TCS plunged 2%, Wipro dipped 2.9% and Patni Computers declined 1.9%
Investors also cashed out of banks, HDFC Bank was off 0.4% and ICICI Bank fell 1.9%.
From the pharma space Dr. Reddy's slipped 0.8%, Tata Motors edged lower by 0.8% from the auto sector, and business solutions provider Genpact was down 3.1%.
From the metal pack, Sterlite bucked trend, ended up 2%. Mahanagar Telephone Nigam Ltd also surged 1.3%.