Key indices Nifty50 declined over 100 points to trade below 17,000 levels and the S&P BSE Sensex decreased over 500 points to hit a low of 56,875 levels.
All sectors started trade on a volatile note. Nifty Energy, Nifty Media, and Nifty Pharma indices traded with marginal gains, whereas, Nifty Bank, Nifty Metal, and Nifty Auto indices were bogged down.
Among individual stocks, shares of ONGC, Oil India soared up to 6 per cent after the government hiked prices of natural gas by 40 per cent. READ MORE
Besides, shares of HFCL climbed over 4 per cent after the company launched 5G Lab-as-a-Service to accelerate rollout of 5G services.
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