Sensex slumps 765pts, Nifty ends below 17,200; Reliance, FMCG, banks weigh

The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended flat, while Smallcap index was up 0.3 per cent

Closing Bell

The key benchmark indices reversed their two-day winning streak with losses in excess of a per cent. Index heavweight Reliance Industries, banking and FMCG shares were responsible for a significant amount of the losses.

The BSE benchmark index, the Sensex, had started trade on a positive note and soon rallied to a high of 57,757 (up almost 300 points from the previous close). Selling emerged towards the end of the first-hour of trades, and thereafter it accentuated in noon deals. The BSE 30 index slumped to a low 56,641 in late trade - down 1,116 points