The sell-off continued on the fifth session on January 24 with benchmark indices losing nearly 3 percent each.
At close, the Sensex was down 1,545.67 points or 2.62% at 57,491.51, and the Nifty was down 468.10 points or 2.66% at 17,149.10. About 450 shares have advanced, 2938 shares declined, and 100 shares are unchanged.
JSW Steel, Bajaj Finance, Tata Steel, Grasim Industries and Hindalco Industries were the top Nifty losers, while gainers included Cipla and ONGC.
All the sectoral indices ended in the red with auto, metal, IT, power, pharma, realty, FMCG, capital goods down 2-6 percent. BSE midcap and smallcap indices fell 4 percent each.