- Tag results for Sensex closing
The Reserve Bank of India Wednesday left the repo rate unchanged while maintaining the stance of 'calibrated tightening' of policy.
Heavy selling pressure was witnessed in the IT counters which fell over 3 per cent followed by Teck (technology, entertainment and media) and energy stocks.
Most Asian markets skidded to multi-month lows and European shares opened sharply lower on worries over corporate earnings and global growth.
The Sensex swung nearly 575 points during the session on heavy buying and selling by participants.
The benchmark Sensex closed down 0.84 per cent at 33,847.23, its lowest close since April 9.
The rupee touched a life-low of 72.6750 to the dollar, forcing the government to consider measures to soften the fall. It has declined nearly 15 per cent against the dollar this year.
The Nifty Auto index climbed 2.2 per cent, with Hero MotoCorp Ltd, up 5.2 per cent, topping the gains.