Indian Equity benchmark Sensex crashed by 1,546 points to fall below the 58,000-level due to across-the-board selloff following slow global markets extending losses to the sixth day.

The 30-scrip BSE Sensex ended 1,545.67 points or 2.62% lower at 57,491.51. Similarly, the NSE Nifty slumped 468.05 points or 2.66% to 17,149.10.

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Benchmark indices started the session on a weaker note and witnessed a high selloff during the afternoon trade. Almost all sectoral indices ended in the red including auto, IT, metal, pharma, power, FMCG, realty, and capital goods down 2-6%. BSE midcap and smallcap indices fell 4% each.

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All Sensex components ended in the red. Tata Steel was the top loser, dropping 5.98%, followed by Bajaj Finance (-5.97%), Wipro (-5.35%), Tech Mahindra (-5.14%), Titan (-4.97%), Reliance Industries (-4.06%) and HCL Tech (-3.84%).

From Nifty 50, except Cipla (2.86%) and ONGC (0.82%) all others ended in red. JSW Steel was the top losers, shredding 6.92%, followed by Bajaj Finance (-6.36%), Tata Steel (-5.92%), Grasim (-5.81%), Hindalco (-5.76%), Tech Mahindra (-5.54%) and Wipro (-5.46%).

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Asian market peers saw a mixed trend as investors look ahead to the US Fed meeting and rising geopolitical uncertainty. During the afternoon session, they further sold off as indices fell well below psychologically crucial levels.

Asian bourses Hong Kong and Seoul ended with losses, while Tokyo and Shanghai were positive.

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Europe stock exchanges were witnessing intense selling pressure in mid-session deals.

Meanwhile, international oil benchmark Brent crude rose 0.32% to USD 88.17 per barrel.

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According to stock exchange data, Foreign institutional investors (FIIs) were net sellers in the capital market, as they sold shares worth Rs 3,148.58 crore on Friday.