Indian equity indices ended lower for the second consecutive session on October 8, with the Nifty falling below 22,200 intraday to hit a fresh 52-week low amid broad-based selling, led by IT stocks.
Tracking weak global cues, the benchmarks opened lower and extended losses through the session as investors remained cautious amid elevated crude oil prices. Brent crude traded around $104 a barrel on persistent concerns over supply disruptions in the Middle East.
At close, the Sensex was down 1,045.46 points or 1.44 percent at 71,593.24, and the Nifty was down 371.25 points or 1.64 percent at 22,231.80.
Broader indices underperformed the main indices with Nifty midcap and smallcap indices falling more than 2 percent each.
Over the past two sessions, the total market capitalisation of BSE-listed companies declined by more than Rs 12 lakh crore to Rs 460.97 lakh crore.