(G.N.S) Dt. 4
The benchmark BSE sensex slashed down by 598.57 points or 1.16 per cent to close at 50,846; while broader NSE Nifty moved 165 points or 1.08 per cent lower to settle at 15,081.
On the NSE platform, except for Nifty Media and Nifty Realty, all other sub-indices finished in red with Nifty Metal and Nifty Financial Services down as much as 2.01 per cent.
Major laggards in the BSE pack included HDFC, Bajaj Finance, L&T, Axis Bank, HDFC Bank, SBI and ICICI Bank with their stocks falling as much as 2.55 per cent.
Investor sentiment turned weak amid meltdown in global shares due to surge in bond yields overseas.
Meanwhile, foreign investors had bought equities worth Rs 2,088.70 crore on a net basis in Indian capital markets on Wednesday, according to exchange data.