The Sensex crashed 634 points while the Nifty closed below the 11,350-level on Friday as investors pressed the panic button after a tech-led rout on Wall Street.
Reliance Industries, banking and finance stocks accounted for the bulk of the losses. The 30-share BSE Sensex opened on the backfoot and remained in the negative territory throughout the session. It finally finished at 38,357.18, down 633.76 points or 1.63 per cent. Similarly, the NSE Nifty plunged 193.60 points or 1.68 % to close at 11,333.85. Barring Maruti, which spurted 1.70 per cent, all Sensex stocks ended in the red.
Axis Bank was the biggest loser, declining 4.07 per cent, followed by Tata Steel.