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The BSE Sensex plunged 553.82 points or 1.38 percent to 39,529.72 and the Nifty50 slipped 177.90 points or 1.48 percent to 11,843.80.
GAIL was prominent loser among Nifty50, falling 12 percent followed by Indiabulls Housing, IndusInd Bank, Yes Bank and SBI which lost 4-8 percent.
Coal India, Titan Company, Hero Motocorp, Power Grid Corp and HUL bucked the trend, rising 1-2 percent.
HEADLINES OF THE DAY
Oil prices firmed after falling to near five-month lows in the previous session, but sentiment stayed weak due to rising US supply and a stalling global economy.
GAIL was prominent loser among Nifty50, falling 12 percent followed by Indiabulls Housing, IndusInd Bank, Yes Bank and SBI which lost 4-8 percent.
Marksans Pharma said it received Establishment Inspection Report (EIR) from the US FDA in respect of inspection of the company's Goa facility carried out from 25th February to 6th March 2019.
Sensex and Nifty are heading for a biggest one-day fall in 2019.
The crucial resistance for Nifty spot is now seen at 11920 and above this 12060 Support for the immediate term is now placed at 11660 next support will be 11520.
GAIL was prominent loser among Nifty50, falling 12 percent followed by Indiabulls Housing, IndusInd Bank, Yes Bank and SBI which lost 4-8 percent.
Coal India, Titan Company, Hero Motocorp, Power Grid Corp and HUL bucked the trend, rising 1-2 percent.
HEADLINES OF THE DAY
Oil prices firmed after falling to near five-month lows in the previous session, but sentiment stayed weak due to rising US supply and a stalling global economy.
GAIL was prominent loser among Nifty50, falling 12 percent followed by Indiabulls Housing, IndusInd Bank, Yes Bank and SBI which lost 4-8 percent.
Marksans Pharma said it received Establishment Inspection Report (EIR) from the US FDA in respect of inspection of the company's Goa facility carried out from 25th February to 6th March 2019.
Sensex and Nifty are heading for a biggest one-day fall in 2019.
The crucial resistance for Nifty spot is now seen at 11920 and above this 12060 Support for the immediate term is now placed at 11660 next support will be 11520.
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