The market went into bearish domain amid intense selling pressure as the key index dropped 72.95 points to finish two month lows at 8,299.95 at the National Stock Exchange (NSE).
Pessimism drawn largely over the trading momentum with investor sentiment overlapped by China led financial downturn leading to global economic health concerns continue to rule centrestage amid no positive news at the domestic level has taken the key index into selling mode.
Survey showing the Chinese factories contracted at their fastest pace since the global financial crisis in 2009, plunging rupee valuation and rising geopolitical tension between North and South Korea added to the turmoil.
The index opened with down-gap on weak global cues and traded negative terrain most of the session, later, slight recovery was seen during the final hour trade before it ended in red.
Sectorwise, Realty continue to suffer most with fall 2.60 per cent followed by Auto 2.01 per cent, Infra 1.85 per cent, Banking 1.24 per cent, Financials 1.20 per cent, Energy 0.98 per cent, Metal 0.87 per cent, PSU Bank 0.82 per cent.
Both midcap and smallcap also declined 0.60 per cent and 0.90 per cent respectively.
However, IT FMCG and Pharma saw some buying interest.
Elsewhere, Asian stocks witnessed massive sell-off, while Europeian markets were also being beaten up on grim China data.
The broader 50-share Nifty opened gap-down 3,505.40 and traded between a high of 8,322.20 and a low of 8,225.05 before closing at 8,299.95 showing a fall of 72.80 points, or 0.87 per cent over its last close.
Stockwise, major losers were VEDL (4.06 per cent), Yes Bank (3.87 per cent), Bajaj-Auto (3.44 per cent), IDEA (2.90 per cent), IndusindBk (2.88 per cent), Tata Motors (2.86 per cent), BhartiArtl (2.75 per cent) and HDFC (1.72 per cent).
Notable gainers were HUL (1.39 per cent), Ambuja Cement (1.38 per cent), Infy (1.35 per cent) and Hindalco (1.24 per cent).
Turnover in the cash segment declined to Rs 19,547.20 crore compared to Rs 20,522.89 crore yesterday.
A total of 9,286.91 lakh shares changed hands in 89,81,465 trades and the total market capitalisation of NSE stood at Rs 9,927,634 crore.
