The Sensex at the Bombay Stock Exchange declined 599 points, or 1.2 per cent, to close at 50,846. The Nifty slipped 165 points, or 1.1 per cent, to 15,081.
Key indices at other Asian markets ended mostly lower. So, Japan's Nikkei-225 index, China's Shanghai Composite index and Hong Kong's Hang Seng index declined over 2 per cent each; and South Korea's Kospi index lost 1.3 per cent. But Singapore's Straits Times index climbed 0.5 per cent.
In Europe, key indices, London's FTSE-100 had declined 1.1 per cent; France's CAC-40 had shed 0.3 per cent and Germany's DAX had dropped 0.5 per cent, in intra-day trade.
Global crude oil prices rose for the second straight day, on the possibility that OPEC producers might decide against increasing output at a key meeting later in the day. So, Brent crude futures rose 53 cents, to trade at USD 64.60 a barrel. US crude futures gained 46 cents, to USD 61.74 a barrel.
Back home, at the Multi Commodity Exchange, gold futures for April were trading Rs 87 lower, at Rs 44,861 per ten grams. While Silver futures for May were trading at Rs 67,497 per kilo, down Rs 503.
At the forex market, the rupee weakened 12 paise, to Rs 72.83, against the US dollar.
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(With input from news agency language)
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