Four reasons why Sensex tumbled over 700 pts in intra-day trade on Tuesday

Counters such as PSU banks, realty, and media fell like ninepins.

Domestic stocks witnessed a sharp decline in the afternoon deals on Tuesday with the benchmark indices falling around 2 per cent amid across-the-board selling. The S&P BSE Sensex nosedived as much as 726.13 points or 1.87 per cent to 37,929.89 levels during the session while the Nifty50 index on the National Stock Exchange (NSE) shed over 200 points or 1.85 per cent to 11,260 levels. 

The indices, however, trimmed their losses at the end of the session. The Sensex ended at 38,305.41, down 362 points or 0.94 per cent, while the NSE's Nifty50 index ended at 11,359.90, down 115