The Bombay Stock Exchange benchmark index, Sensex, tumbled by 202.37 points to end at 19362.55 on heavy selling in banks, auto and consumer durable shares due to fading rate cut hopes and fresh growth concerns.
The 30-share index resumed weak and remained in negative terrain throughout the day before closing at 19362.55, a fall of 202.37 points.
The National Stock Exchange index, Nifty, dipped by 62.90 points to end below the 5900-mark at 5851.20.
Rupee falls
The rupee closed 12 paise lower against the dollar at 54.30 due to fall in local stock markets and renewed dollar demand from importers.
The rupee started better at 54.15 a dollar as against the previous close of 54.18. It improved further to 54.02, before closing the day at 54.30.