After over six months of consistent bull run, the Indian stock markets plunged on Wednesday as some investors continued to take money off-the-table ahead of the Budget next week. The domestic equity benchmarks, Sensex and Nifty fell almost 2% each. The Sensex dropped 937 points or 1.94% to end the session at 47,409 and the Nifty slipped 1.91% or 271 points to close below 14,000 for the first time this year.
Tata Motors, Tata Steel, Titan, IndusInd Bank and Hindalco were the top five Nifty losers. Whereas Tech Mahindra, SBI Life, Wipro, ITC and Ultratech Cements were the top gainers.
All the sectoral indices closed with major losses, except the Nifty FMCG index.
The Indian rupee settled 2 paise higher at 72.92 against the greenback.