Selling pressure on frontline stocks Tuesday pulled down a benchmark index for Indian equities 120 points lower than its previous close.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,534.1 points and ended trade at 17,406.71 points (provisional), down 120 points or 0.68 percent from Monday's close at 17,526.71 points.
Banking majors ICICI and SBI, along with ITC and Tata Steel, were among the major contributors to the slump.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 5,205.35 points, against the previous close at 5,249.4 points, a loss of 0.89 percent.
Broader market indices also came under selling pressure, with the BSE midcap index ending 1.19 percent lower and the BSE small cap index 1.11 percent down.