MUMBAI (Reuters) - The BSE Sensex and Nifty slumped 1.7 percent each on Wednesday, as China's stock market rout rattled investors who dumped blue-chips, including bank and commodity stocks.
Asian shares tumbled to a 1-1/2-year low as Chinese stocks extended a savage correction that has wiped off over 30 percent of Mainland China shares over the past four weeks.
"There will be news flows which will be impacting our (Indian) markets in the near future, not more than local data points, earnings season and monsoon session of the parliament," said Gaurang Shah, vice president at Geojit BNP Paribas.
"We may stay a little bit suppressed sub-8,200s; sub-8,300 levels (on the NSE index) could be visible," Shah said.
Yes Bank fell 7.5 percent, while Bank of Baroda ended 1.5 percent lower.
Tata Steel lost 5 percent, while Hindalco Industries fell 5.13 percent.
More From This Section
Tata Motors lost 6.2 percent on worries China's economic slowdown could hurt sales at unit Jaguar Land Rover.
(Reporting by Karen Rebelo in Mumbai; Editing by Biju Dwarakanath)