Given the shortened trading week, coupled with the monthly derivatives expiry and upcoming global economic data, analyst advised investors to adopt a cautious wait-and-watch stance in the near term.
Investor's lost a total of Rs 13.57 lakh crore from their kitty as the total market capitalization of all the BSE-listed companies tanked to Rs 371.69 lakh crore, compared to Rs 385.64 lakh crore in the previous trading session.
The 30-share pack BSE Sensex dropped about 617 points, or 0.83 per cent to settle at 73,502.64. NSE's Nifty50 tanked about 161 points, or 0.72 per cent to end the session at 22,332.65.