In step with local stocks, rupee plummeted to 62.97 against the US dollar, raising the risk of higher import costs for the Indian economy.
Tracking overnight losses in the US market, the Sensex opened the day lower at 20,579.26 and stayed in the negative terrain throughout. It touched a low of 20,189.23 intra-day, before finally closing at 20,229.05, down 406.08 points — its biggest loss since 3 September when it fell 651.53 points.
The Sensex had lost 256 points Wednesday. All the 30 constituents of Sensex on Thursday closed lower. ITC, HDFC and RIL dragged it down while Sesa-Sterlite, Jindal Steel, Tata Power and Bhel were the biggest laggards.
In the broader market, all 13 BSE sectoral indices closed in red. Banking, capital goods and realty were the worst hit.
On the similar lines, the broad-based National Stock Exchange index Nifty fell below 6,000 level to end lower by 123.85 points, or 2.02 per cent, at 5,999.05. Also, SX40 of MCX Stock Exchange fell by 237.62 points to end at 12,008.28.
The release of the minutes of Fed's October meet on Wednesday spooked global markets as it signalled tapering of the $85 billion monthly bond buying could happen 'in coming months' if the economy improves as anticipated.
A survey pointing to a weaker-than-expected pace of growth in Chinese manufacturing activity also hit Asian shares, raising doubts over the recent economic recovery. Foreign funds bought Indian stocks worth Rs 80.4 crore on Wednesday, compared with over Rs 1,014.6 crore buying on Tuesday.
Tracking overnight losses in the US market, the Sensex opened the day lower at 20,579.26 and stayed in the negative terrain throughout. It touched a low of 20,189.23 intra-day, before finally closing at 20,229.05, down 406.08 points — its biggest loss since 3 September when it fell 651.53 points.
The Sensex had lost 256 points Wednesday. All the 30 constituents of Sensex on Thursday closed lower. ITC, HDFC and RIL dragged it down while Sesa-Sterlite, Jindal Steel, Tata Power and Bhel were the biggest laggards.
In the broader market, all 13 BSE sectoral indices closed in red. Banking, capital goods and realty were the worst hit.
On the similar lines, the broad-based National Stock Exchange index Nifty fell below 6,000 level to end lower by 123.85 points, or 2.02 per cent, at 5,999.05. Also, SX40 of MCX Stock Exchange fell by 237.62 points to end at 12,008.28.
The release of the minutes of Fed's October meet on Wednesday spooked global markets as it signalled tapering of the $85 billion monthly bond buying could happen 'in coming months' if the economy improves as anticipated.
A survey pointing to a weaker-than-expected pace of growth in Chinese manufacturing activity also hit Asian shares, raising doubts over the recent economic recovery. Foreign funds bought Indian stocks worth Rs 80.4 crore on Wednesday, compared with over Rs 1,014.6 crore buying on Tuesday.