Mumbai: BSE Sensex, the benchmark index, on Thursday crashed by 572 points while the NSE Nifty dropped 181.75 points.
The NSE Nifty dropped 181.75 points or 1.69 per cent to 10,601.15, while Sensex settled at 35,312.13, down 572.28 points or 1.59 per cent.
The sharp downfall in stock markets comes in the backdrop of RBI keeping its interest rates unchanged in its monetary policy review.
Another factor behind the negative sentiment was the sell-off in global equities.
Among BSE sectoral indices, auto and realty plunged the most followed by infrastructure, TECk and oil & gas.
Earlier, Asian markets registered sharp losses amid rising uncertainty about the global economy. This further affected the market sentiment, thus resulting in dipping figures in the domestic markets.
Rupee registers fall
Rupee also plunged 54 paise and hit the 71 per dollar mark in early session amid a strengthening dollar.