Among the components of the BSE Metal index, Steel Authority of India Ltd (down 6.05%), National Aluminium Company Ltd (down 6.05%),Jindal Stainless Ltd (down 4.67%),Tata Steel Ltd (down 4.61%),Hindalco Industries Ltd (down 4.56%), were the top losers. Among the other losers were Vedanta Ltd (down 4.39%), NMDC Ltd (down 4.09%), APL Apollo Tubes Ltd (down 4.03%), JSW Steel Ltd (down 3.85%), and Jindal Steel & Power Ltd (down 3.74%).

At 13:41 IST, the BSE SmallCap was down 2100.31 or 3.84% at 52528.98.

The BSE 150 MidCap Index index was down 552.1 points or 3.36% at 15902.33.

The Nifty 50 index was down 640 points or 2.59% at 24077.7.

The BSE Sensex index was down 2079.71 points or 2.57% at 78902.24.

On BSE,527 shares were trading in green, 3511 were trading in red and 111 were unchanged.