Dragged down by Airtel and Infosys, Sensex closed in the red 200 points lower after breaking its rally this morning. Nifty also went down further to hit 18,100 points, mirroring Sensex's fall below the 61,000 mark.
The pressure resulted from caution ahead of the US Federal Reserve's call on rate hikes. Media stocks continued to shine, while auto, IT and banking slid down during the day.
Rupee also fell to 82.74 against the US dollar, even as the global currency softened.
Although Chinese indices gained, Japan's Nikkei was flat amidst caution in Asian markets. Danish pharma giant Novo Nordisk's stocks lifted European stocks.
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