Key indices Nifty50 declined over 50 points to trade below 18,350 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 61,480 levels.
Broader markets, too, followed suit as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent. Volatility gauge, India VIX, meanwhile, shot over 1 per cent.
All sectors drowned in the sea of red, with Nifty IT index declining over 1 per cent in trade.
Among individual stocks, shares of GMM Pfaudler plunged 18 per cent after over 11 million equity shares of the company changed hands on the bourses via block deals. READ MORE
Besides, shares of ITC fell 2 per cent to hit a two-month low of Rs 331.90 amid sell-off in equity markets. READ MORE
![To Float or To not Float: Munger and Roberts on the [Un]examined Life](https://www.econlib.org/wp-content/uploads/2022/08/Depositphotos_58162887_S.jpg "To Float or To not Float: Munger and Roberts on the [Un]examined Life")
