Biggest fall since last April-Sensex crashes 1,546 pts, Nifty ends below 17,150

Among individual large-cap players, JSW Steel and Tata Steel plunged 7 per cent and 6.4 per cent, respectively, while Bajaj Finance, Grasim, Hindalco, Wipro, Tech M, Titan, and Tata Consumer Products shed between 5-6 per cent.

In the broader markets, the BSE MidCap index declined 3.8 per cent while the BSE SmallCap index slipped 4.4 per cent. TCI, Angel One, NIIT, PNB Gilts, Just Dial, and Affle India were the worst hit stocks from the latter segment, tumbling up to 13 per cent.

Notably, the shares of Vodafone Idea dipped 9.6 per cent to Rs 10.7 on the BSE in Monday's intra-day trade after the company's losses widened 59.5 per cent to Rs 7,230 crore in Q3FY22 on a year-on-year (YoY) basis amid fall in revenue and subscribers.

Besides, the shares of FSN E-Commerce Ventures (Nykaa) hit a new low of Rs 1,693, down 15 per cent on Monday, falling as much as 13 per cent in past two trading sessions on the BSE. The shares ended 12.5 per cent lower at Rs 1,742 per share.

Shares of other new-age companies also tumbled on the bourses with Paytm down 4.4 per cent (at Rs 917), Zomato 19.6 per cent (Rs 91.4), and Policybazaar 10 per cent (Rs 776.6).

Overall, over 3,000 stocks declined on the BSE while just 518 stocks managed to end higher. Moreover, 948 stocks hit their down limits today as against 268 stocks that hit upper limits.

Sectorally, all the indices ended with sharp losses, led by the Nifty Realty index (down 6 per cent), the Nifty Metal index (down 5.2 per cent), and the Nifty IT index (down 3.4 per cent).

In Europe, the pan-European Stoxx 600 fell 1.4 per cent by mid-morning while Germany's DAX and France's CAC40, also, dropped over 1 per cent each. However, Futures linked to the US were trading up to 0.3 per cent higher each as of 3:30 PM.