The 30-share BSE Sensex declined 667.55 points or 0.89 per cent to settle at 74,502.90.
The index declined below the 75,000 mark to hit the day's low of 74,454.55, plunging 715.9 points or 0.95 per cent. The BSE benchmark hit its all-time peak of 76,009.68 on May 27.
The NSE Nifty dropped 183.45 points or 0.80 per cent to 22,704.70 amid high volatility. The 50-share barometer hit its lifetime high of 23,110.80 on Monday.
From the Sensex pack, Tech Mahindra, ICICI Bank, Bajaj Finserv, HDFC Bank, UltraTech Cement, Axis Bank, Reliance Industries and Infosys were the biggest laggards.
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