The Sensex on Monday closed with a fall of 371.16 points or 1.46 percent to 24966.40 on profit booking.
Nifty on the other hand tanked 101.40 points or 1.31 percent to 7615.10.
ICICI Bank, Sun Pharma, Tata Motors, SBI, Hindalco, Tata Steel and BHEL were down three to nine percent while NTPC gained one percent.
Shares of Sadbhav Infrastructure Project gained nearly eight percent intraday on getting two road projects from National Highway Authority of India (NHAI).
The subsidiary of the company mentioned in a statement that it has L1 for two projects by NHAI. One is four lining of Rampur-Kathgodam section of NH-87 from km 0.000 to km 42.791 [Package-I] in Uttar Pradesh and second is on same section from km 42.791 to km 88 [Package-II] in Uttarakhand under NHDP-III on Hybrid Annuity Mode.