Mumbai: The Sensex on Tuesday plummeted 726.13 points to hit 37,941.20 while NIFTY recorded a drop of 213.2 points to be at 11,261.25.
The markets suffered sharp losses in the afternoon trade owing to a sell off in the banking stocks as well as across sectors.
The NIFTY Banking which comprises of 12 major banks slumped by 3.52%
SBI and Yes Bank recorded maximum sell of with SBI going down as much as 23.79% and Yes Bank 8.66%.
All the sector gauges at the NSE were in the red.
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