Benchmark indices Sensex and Nifty took a beating on Thursday and shed over 1%, led by selling in major indices Reliance Industries, IT and banking stocks amid weak global trends.
The BSE Sensex closed at 58,766.59, down 770.48 points or 1.29%. During the day, it fell 1,014.5 points, or 1.70%, to 58,522.57.
Similarly, the NSE Nifty fell 216.50 points or 1.22% to end at 17,542.80.
From the Sensex pack, Reliance Industries, Tata Consultancy Services, Sun Pharma, Tech Mahindra, Infosys, NTPC, Hindustan Unilever, HDFC, Power Grid, Bajaj Finance and ICICI Bank were among the laggards.
Conversely, Bajaj Finserv, Asian Paints, Bharti Airtel, Titan, State Bank of India, Mahindra & Mahindra and IndusInd Bank were among the gainers.
Elsewhere in Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai ended lower.
European stock markets were trading in negative territory during mid-session deals. On Wednesday, the US markets closed in the red mark.
Meanwhile, international oil benchmark Brent crude fell 2% to $93.73 a barrel.
Foreign institutional investors (FIIs) bought shares worth a net ₹4,165.86 crore on Tuesday, according to exchange data.
Markets remained closed on Wednesday on account of Ganesh Chaturthi.