Weak global cues and worries about US economic recovery fueled another sell of in Indian markets which dragged Sensex to below 18,000 levels ahead of crucial US GDP data.
Even the US GDP data is not encouraging as US economy grew only 1.6 percent in the last quarter compared to 3.7 in the first quarter.
Realty and banking stocks lost ground followed by IT, teck, consumer durable and power except oil & gas.
BSE Sensex lost 227.94 points or 1.25% at 17,998.41. NSE Nifty lost 69.20 points or 1.26% and closed at 5,408.70
Top Losers : DLF (-3.63%), Hero Honda (-3.46%), Axis Bank (-3.42%), HCL Tech (-3.36%) and PNB (-3.31%).
Top Gainers : GAIL (3.46%), ONGC (1.95%), Tata Steel (1.42%), BPCL (1.20%) and Sterlite Industries (0.40%)