Mumbai, January 27
The Sensex fell 490 points as investors fled emerging markets like India amidst concerns over China and the US moving towards curbing liquidity.
The Sensex ended the day at 16,289 while in the broader markets the Nifty plunged 154 points to close at 4853.
Of the 30-Sensex stocks, only ITC ended in positive territory whereas the rest were in the red. Among the major losers included Tata Steel which was down 8 per cent. Others like Wipro and Hindalco lost more than 5 per cent.
Among sectoral indices realty, banking and auto stocks took a beating as the market worried about the Reserve Bank of India upping the interest rates ahead of Friday's quarterly review. The BSE realty index was down nearly 8 per cent while the auto and banking indices slipped more than 4 per cent each.
Asian markets were trading in the negative zone while the European markets opened in the red during early trade. Investors were watching for signals from America over moves to limit trading by banks that took deposits.
