Benchmark BSE Sensex dropped 110.64 points or 0.14 per cent to settle at 77,580.31. During the day, it dropped 266.14 points or 0.34 per cent to 77,424.81.

Despite domestic investors buying shares, sectors like FMCG and energy faced pressure. However, realty and banking stocks saw gains.

From the 30-share Sensex pack, Hindustan Unilever, NTPC, Nestle, IndusInd Bank, Power Grid, Adani Ports, Tata Motors and Bajaj Finserv were the major laggards. Reliance Industries, Kotak Mahindra Bank,

The BSE’s 30-share Sensex tanked 984.23 points, or 1.25 per cent, to close at 77,690.95. The broader Nifty 50 lost 324.4 points, or 1.36 per cent to finish at 23,559.05.

Sensex and Nifty plummet over 1% due to high inflation, foreign fund outflows, weak global trends, and muted earnings.

The key indices Nifty and Sensex have breached psychologically important levels on concerns about rising inflation, less chances of RBI rate action and profitbooking ahead of Maharashtra Polls.