Insight Bureau: BSE Sensex closed at 57,197.15, down 714.53 points or 1.23 per cent while the Nifty 50 closed at 17,171.95, down 220.65 points or 1.27 per cent.
The S&P BSE Midcap was down 0.71 per cent while the S&P BSE Smallcap was down 0.38 per cent.
Adani Ports, Mahindra & Mahindra, HCL Tech, ITC and Maruti were the top gainers on the Nifty 50 while Hindalco, State Bank of India, Hindustan Unilever, Cipla and Dr Reddy were the top laggards.