The M&M Sensex was the top 4% in the pack, followed by SBI, ICICI Bank, Axis Bank, IndusInd Bank, ITC and NTPC.
The equity benchmark Sensex fell 871 points on Wednesday due to the sell-off of the entire board amid a negative trend in global markets.
The 30-share BSE index closed down 871.13 points or 1.74% at 49,180.31. While the broader NSE Nifty fell 265.35 points or 1.79% to 14,549.40.
The M&M Sensex was the top 4% in the pack, followed by SBI, ICICI Bank, Axis Bank, IndusInd Bank, ITC and NTPC.
In keeping with the overall trend, Asian Paints and Powergrid closed with gains.
“Domestic equities fell sharply due to weak global cues and there were apprehensions among investors regarding coronovirus cases in the country,” said Reliance Securities head strategy Binod Modi.
In addition, a sharp decline in the dollar index raised concerns despite a drop in US bond yields and crude prices.
Elsewhere in Asia, Shanghai, Hong Kong, Tokyo and Seoul fell by 2%.
Stock exchanges in Europe were also trading on a negative note in mid-season deals.
Meanwhile, global oil benchmark Brent crude was up 2.78% at $ 62.48 a barrel.
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