The Sensex and the Nifty ended the day sharply lower after Greece worries once again rocked global markets with European markets trading with huge losses.
Worries that the AAP would in the Delhi elections also compounded worries pushing the Sensex down by a huge 490 points, while the Nifty dropped 134 points in trade.
Tata Steel was the top loser from the Nifty with the stock losing almost 5 per cent in trade. Other nifty stocks that lost ground in trade were Gail, Cipla, DLF, Larsen and Toubro, ICICI Bank and State Bank if India.
Defensive stocks were in the limelight as is always the case in a falling market. Dr Reddy's, Sun Pharma, and Bajaj Auto were among the gainers. IT stocks also showed remarkable resilience with stocks like Wipro, Infosys and TCS ending with gains.
Shares in Gas Authority dropped sharply after the company reported a dismal set of results. Sun TV on the other hand rallied after the companies showed a super set of results.
Meanwhile, markets across Asia ended the day lower on continued worries over Greece. The Strait Times and the Seoul Composite both lost ground.