The BSE barometer opened on a flat note and remained sideways for most part of the session awaiting quarterly GDP numbers, but sank heavily on weakness in European equities.

Most markets in Asia, including China and Hong Kong, were closed for the Lunar New Year holiday. Meanwhile, the rupee depreciated by 27 paise to 67.91 during the day against the dollar.

Investors also awaited the economic growth data and quarterly results from blue-chips scheduled later for the day. The BSE Sensex opened lower to stay in the negative zone for most part of the day and finally ended 329.55 points or 1.34 percent down at 24,287.42. This was the index's biggest single-day fall since January 20. It had gained 393.65 points
in the last two sessions.

The 50-share NSE Nifty cracked below the 7,400-mark by sliding 101.85 points or 1.36 percent at 7,387.25 after shuttling between 7,363.20 and 7,512.55.

Tata Motors was the worst hit, down 3.94 percent followed by ITC at 2.72 percent. Other laggards included ONGC, Sun Pharma, TCS, Wipro, HDFC Bank, Infosys, HDFC, HUL and M&M.

However, Axis Bank, SBI, Bharti Airtel, Lupin, GAIL, Maruti, Adani Ports and Tata Steel ended higher. Shares of Jet Airways rallied by 8.5 per cent after the leading Indian airline reported a record profit of Rs 467.11 crore for the quarter ended December 31, on the back of lower
input costs.

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