Share markets in India fell sharply in the afternoon session amid political uncertainty in US after impeachment inquiry over Donald Trump.
The fresh scam of lending problem in Punjab and Maharashtra Co-operative (PMC) also dented market sentiment.
Market participants were also worried about revival of automobile demand.
All automobile stocks are trading in red with Tata Motors and Ashok Leyland falling over 6%.
The BSE Sensex is trading down by 505 points, down 1.3%, while the NSE Nifty is trading down by 152 points.
Shares of Tata Motors and SBI plunged over 6%, while Maruti Suzuki, M&M, and Vedanta fell in the range of 3-5%.
On the sectoral front, losses were largely seen in the automobile sector, metal sector, and realty sector.
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