At close, the Sensex was down 870.51 points or 1.74% at 49,159.32, and the Nifty was down 229.60 points or 1.54% at 14,637.80. Infosys, Tech Mahindra, and HCL Technologies were the top gainers on Sensex, followed by Bharti Airtel. Bajaj Finance and IndusInd Bank were the top drags, followed by SBI. About 1063 shares have advanced, 1848 shares declined, and 180 shares are unchanged. The Nifty PSU Bank index declined 4 per cent on the NSE, while the Nifty Bank, Private Bank, Financial services, Realty, Auto, and Media indices slipped between 2.5 per cent and 3.5 per cent. On the contrary, the Nifty IT index jumped over 2 per cent and the Nifty Metal index gained 1 per cent. The S&P BSE MidCap and SmallCap indices closed 1.13 per cent and 1 per cent, respectively.