Indian equities fell the most in over a month as a rapid surging second wave of the coronavirus across the country acted as the key deterrent to market sentiment.
The BSE Sensex fell 1,707 points to close at 47,883 while the NSE Nifty 50 index fell 524 points to end at 14,310.
Dr Reddy's Lab, Cipla, Divis Lab were among the major gainers, while Tata Motors, Adani Ports and IndusInd Bank were among the top losers.
All sectoral indices ended the day with losses. Most of them saw their biggest single-day drop since May last year. The PSU Bank index was the top sectoral laggard, ending 9.3 percent lower.
The Nifty Midcap index shed 5.7 percent, the most in over a year while the Smallcap index too fell 5.6 percent in today's session.
Fears of lockdown in Maharashtra and night curfew in various states over the rising number of corona virus cases have spooked the sentiments of investors.
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