The Sensex is down 329.55 points or 1.3 percent at 24287.42, and the Nifty is down 101.85 points or 1.4 percent at 7387.25.
About 1186 shares have advanced, 1477 shares declined, and 136 shares are unchanged.
Bharti Airtel, SBI, Axis Bank, Lupin and Tata Steel were top gainers while Tata Motors, ONGC, ITC, Sun Pharma and TCS were losers in the Sensex.
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