The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,391.96 points, closed at 19,125.60 (provisional) points, down 192.56 points or 1 percent from its previous close at 19,318.16 points.
It had fallen to an intra-day low of 18,954.82 points.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty ended at 5,750.2 points, down 0.85 percent.
Broader markets indices suffered more losses, with the BSE midcap index ending 3.06 percent down and the BSE smallcap index closing 4.36 percent lower.