Indian equities after breaking the three day winning streak plunged further on Thursday due to selling pressure seen across board. Metal, banking and financial stocks dragged the sentiment.

BSE Midcap and Smallcap index went up by 0.48% and 0.80% respectively.

At the close, the benchmark 30-share index, BSE Sensex declined 598.57 points or 1.16% at 50,846.08 with 24 components posting drop.  Meanwhile, the broad based NSE Nifty went down by 164.85 points or 1.08% at 15,080.75 with 36 components posting drop.

HDFC Bank  contributed fall of 84.08 points in the Sensex.  It was followed by ICICI Bank  (70.32 points), Larsen & Toubro  (59.01 points), Reliance Industries  (50.77 points) and Tata Motors  (44.78 points).

Biggest gainers in the 30-share index were UltraTech Cement (4.07%), Asian Paints (0.65%), Maruti Suzuki India  (0.13%),  and Hindustan Unilever  (0.12%).

On the other hand, Housing Development Finance Corporation  (2.62%), Bajaj Finserv (2.49%), Larsen & Toubro  (2.31%), SBI (2.28%), Axis Bank (2.24%), and HDFC Bank (2.10%) were the major losers in the Sensex pack.

Market breadth was negative with 1,593 advances against 1,384 declines.