Nifty ended April Future and Options (F&O) at 7847.25, down 132.65 points or 1.7 percent from previous close.
Overall market has ended with severe cuts as global markets were down reacting to Bank of Japan holding rates steady and F&O expiry added pressure.
The Sensex closed down 461.02 points or 1.8 percent at 25603.10. About 857 shares have advanced, 1662 shares declined, and 168 shares were unchanged. TCS, Lupin and Axis Bank were top gainers while Hindalco lost 5 percent.
HDFC, Maruti, ITC and M&M were other laggards in the Sensex. 3:10 pm Market check: The Sensex is down 457.07 points or 1.7 percent at 25607.05, and the Nifty slips 130.70 points or 1.6 percent at 7849.20.
About 775 shares have advanced, 1683 shares declined, and 149 shares are unchanged. 2:55 pm Result: Kajaria Ceramics posted 27.83 percent rise in consolidated net profit at Rs 66.04 crore for the fourth quarter ended March 31, 2015-16.
The company had posted a net profit of Rs 51.66 crore during the same period of the previous fiscal. Net sales of rose to Rs 655.12 crore for the fourth quarter, up 11.94 percent, as compared to Rs 585.23 crore in the same period a year ago, Kajaria Ceramics Ltd said in a BSE filing.
For the entire 2015-16 fiscal, Kajaria posted consolidated net profit of Rs 229.2 crore as compared to Rs 175.6 crore in the previous fiscal. Net sales of the company rose to Rs 2,408.81 crore for the fiscal year 2015-16, as against Rs 2,177.51 crore during the previous year.