Benchmark indices Sensex and Nifty came under heavy selling pressure on Tuesday as a combination of surging crude oil prices and renewed concerns over higher interest rates dented investor sentiment.
Nifty Auto, PSU Bank, IT and Realty emerged as the biggest losers, falling up to 2% in afternoon trade, while the sell-off wiped out nearly Rs 3 lakh crore from the market capitalisation of BSE-listed companies.
