Benchmark NSE Nifty closed 225.1 points down at 24837.0 amid selling in frontline bluechip counters.
However, stocks such as Shalimar Paints, Stampede Cap, Shriram EPC(PP), Vipul Ltd and Raymond Realty, touched their fresh 52-week lows.
Overall, 7 shares ended in the green in Nifty50 index, while 43 closed in the red.
In the Nifty 50 index, Cipla, SBI Life, Apollo Hospital, Dr. Reddys and HDFC Life were among top gainers during the day, while Bajaj Finance, IndusInd Bank, Shriram Finance, Bajaj Auto and Tech Mahindra ended in the red.
The BSE Sensex closed 721.08 points down at 81463.09. Traders piled up positions in IT Enabled Services, General, Tourism & Hospitality, Apparels and Engineering sectors, while selling was witnessed in Auto Ancillaries, Electric/Electronics, Industrial Consumables, Construction and Gas & Petroleum sectors during the day.