Indian equity benchmarks extended their losses for a second straight session on Tuesday as escalating tensions in West Asia, surging crude oil prices and concerns over the broader economic fallout triggered a sharp selloff across sectors.
The 30-share Sensex plunged 1,456.04 points, or 1.92 per cent, to close at 74,559.24, while the Nifty declined 436.3 points, or 1.83 per cent, to settle at 23,379.55.
On 30-share index, SBI was the only stock to close in green. Rest all end the session lower.
Tech Mahindra, HCL Tech, Titan and TCS were among top losers by falling up to 4.44 per cent.
The weakness was more pronounced in the broader market, where the Nifty MidCap index dropped 2.54 per cent and the Nifty SmallCap index tumbled 3.17 per cent.
Sectorally, information technology and real estate stocks witnessed the sharpest declines. The Nifty IT and Nifty Realty indices emerged as the top laggards, while consumer durable and media shares also remained under pressure.
However, metal and oil & gas stocks outperformed the broader market as higher commodity prices boosted sentiment in those sectors.
-IANS
