The benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), on Tuesday plummeted 586.65 points to one-year low of 25,696.44. Nifty also tanked 185.45 points to close at 7,785.85.
Earlier, BSE extended its rout to crash by 700 points, while NSE Nifty cracked the 7,800-mark due to lower- than-expected GDP data and sell-off in global equities. The GDP growth slowed to 7% in the June quarter, from 7.5% in the previous quarter amid deceleration in farm, services and manufacturing sectors.
The 30-share index which slumped below the crucial 26,000-mark in early trade, continued to slide and dived by 703.21 points or 2.67% to trade at 25,579.88 during the mid-session. The gauge had lost 109.29 points in the previous session.
All the sectoral indices led by metal, bank and realty, tumbled up to 4.15%.
The NSE Nifty too came under selling pressure and cracked another crucial 7,800-mark by dropping 218.85 points or 2.74 cent to 7,752.45. All the 30-Sensex constituents led by Coal India, Axis Bank, Hindalco, M&M, BHEL and Tata Steel were trading in the negative zone with losses up to 5.25%.
Among other Asian markets, Shanghai Composite index was down 1.23%, Japan's Nikkei tumbled 3.84% and Hong Kong's Hang Seng dived 2.24%. European markets were also in the red in their opening deals.
