The benchmark Sensex plunged 434 points to close at 14,243 and Nifty ended 131 points lower to close at 4,283.

After staging a come back on Wednesday, Indian markets resumed its downward trend as bulls were again shrugged off the bourses. Bears were in complete control throughout the trading session as heavy selling pressure was witnessed in the interest rate sensitive stocks ahead of inflation to be announced later in the day.

Further on, weak global cues coupled with a sharp up move in crude oil prices also dampened the sentiments on Dalal Street.

Finally, the benchmark Sensex plunged 434 points to close at 14,243 and Nifty ended 131 points lower to close at 4,283.

Among the 30-components of Sensex, 29 stocks were in red and only 1 stock i.e. Ranbaxy ended in the green. ICICI Bank, SBI, HDFC Bank and HDFC were among the major laggards.

In the overall market, 742 stocks advanced and 1,906 stocks declined. Whereas, 65 stocks were unchanged.