The S&P BSE Sensex ended the session at 74,503, with a decline of 668 points, or 0.9 per cent. The National Stock Exchange Nifty 50 declined 183 points, or 0.8 per cent, to end the session at 22,705.
For both indices, Tuesday's fall is the biggest since May 9. The India Vix the market's fear gauge-ended little changed at 24.2, the highest level in two years.
FPIS on Wednesday were net sellers worth â¹5,842 crore, but domestic investors were buyers to the tune of â¹5,234 crore.
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India on top of luxury firms' 'watch' list
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