Financial markets across the Asian region witnessed a carnage spooked by ongoing political turbulance in Europe following Greece announcement of another election.
The slumping rupee, which touched to a new record low despite the apex banks' intervention further triggered a panic situation in early hours of trade.
After a brief overnight relief rally, market opened with a sharp gap-down, sliding more than one per cent as pivotals across the specutrum came under massive unwinding. Though, there was no let-off in selling throughout the session, an austerity comment while reacting to the occassion from Finance Minister generated some buying interest towards the fag-end.
The 50-share index touched an intra-day low of 4,837.05 before concluding at 4,858.25, a steep fall of 84.55 points, or 1.71 per cent, over its last close.
Tata Motors, Tata Steel, SAIL, Reliance Infra, Wipro, JP Associates, Jindal Steel, BHEL, Hindalco and PNB were the top percent-wise losers from the Nifty.
While, BPCL, PowerGrid, Cairn, Bajaj Auto, Kotak Bank, Bank of Baroda, Dr Reddys, M&M, Sterlite Industries and ACC ended with gains.
Turnover in cash segment rose to Rs 10,549.60 crore from Rs 9,727.75 crore yesterday. In all, 6,469 lakh shares changed hands in 55,02,866 trades. Market capitalisation stood at Rs 56,29,068 crore.