The 30-share benchmark index ended the trade at 24062.04, lower by 417.80 points, while the NSE Nifty was at 7309.30, down by 125.80 points.
On the global front, Asian peers ended the day in red as Oil fell below the USD 28 Per Barrel. While, European counters were also trading under pressure.
Check the top gainers and losers in BSE & NSE stock market today.
Indian Oil Corporation is turning into a technology licensor to other refineries to produce higher levels of LPG while mulling a mega refinery-cum-petrochemical project in Maharashtra in a four-way joint venture, reports PTI.
The stock ended the day at Rs 405, lower by 2.37 per cent on BSE. It touched an intraday low at Rs 398 and high at Rs 415 during the trade.
South Indian Bank has registered a 15.58 per cent increase in net profit at Rs 101.63 crore for the quarter ended December 31, 2015.
The stock ended the day at Rs 17.95, lower by 2.18 per cent on BSE. It touched an intraday low and 52-week low at Rs 17.55 during the trade.
Reliance Industries (RIL) on Tuesday after market hours reported a stellar set of numbers for Q3 ending Dec 2015. Net profit of Rs 7,290 crore, in October-December was 38.7 per cent higher than Rs 5,256 crore, or Rs 17.8 a share, in the same period a year ago.
The stock ended the day at Rs 1006, lower by 3.52 per cent on BSE. It touched an intraday low Rs 990 during the trade.
Alok Industries Ltd said that its lenders have decided to invoke rights under the strategic debt restructuring (SDR) route to convert part of their debt to majority equity.
The stock ended the day at Rs 5.22, lower by 4.74 per cent on BSE. It touched an intraday low and 52-week low at Rs 5.15 during the trade.
Banking shares also plunged to a new 52-week low with stocks like State Bank of India, ICICI Bank, Canara Bank, Punjab National Bank and Bank of Baroda falling to a new 52-week low.