The S&P BSE Sensex tumbled 1,569 points to 32,150 levels and the Nifty50 index hovered around 9,430 levels. Among individual stocks, Hindustan Unilever fell as much as 4 per cent after reporting the March quarter results.
Shares of Reliance Industries (RIL) dipped 3 per cent to Rs 1,420 on the BSE after the company reported a 33.5 per cent decline in its consolidated profit before tax (PBT) at Rs 9,223 crore for the quarter ended March 2020 (Q4FY20). READ MORE
Tata Steel and ICICI Bank (down 8 per cent each) were the top losers in the Sensex pack.
Shares of banks, metals, and automobile companies were the worst-hit. All the Nifty sectoral indices were in the red, led by Nifty Bank index, down over 6 per cent.