The latest wave of selling came after central banks in Europe raised interest rates a day after the U.S. Federal Reserve hiked its key rate again, emphasizing that interest rates will need to go higher than previously expected in order to tame inflation.
IndusInd Bank was the top loser in the Sensex pack, shedding 2.91 per cent, followed by Dr Reddy's, NTPC, Maruti, Bajaj Auto, Axis Bank, Bharti Airtel and HDFC.
