This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
With the Sensex again nearing 28,000 points, investors can make good returns with a one-two year horizon.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
Banks and realty among the most hit on account of high borrowing costs.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
For the seven months since February 2014, the benchmark index surged nearly 27%.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
The NSE Nifty also moved up by 12 points to 8,648.35.
After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
Sensex climbs higher on favourable global cues.
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.
Index heavyweights were the top losers along with bank shares.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
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Investors often forget that the movements in indices such as the Sensex reflects the performance of its constituent stocks; nothing else.
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
Sensex lacklustre, bluechips in focus.
FIIs pump in Rs 2,075 crore in past three trading sessions.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
Markets in green tracking firm global cues.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
Experts say investors should be careful, as even a 50-100 bps cut in rates will not help such companies if their business is not doing well. Check what is the problem and consider
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
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