Sensex sheds 503pts, Nifty ends at 17,368; financials slip, Tega jumps 60%

The BSE Midcap index was down 0.5 per cent, while the Smallcap index was up 0.2 per cent

Closing Bell

The key benchmark indices reversed course during the day on the back of weakness in select financial shares, FMCG and index heavyweight Reliance Industries.

The BSE benchmark index, the Sensex, had started the day on a positive note and rallied to a high of 59,203. The inddex, however, erased gains and tumbled to a low of 58,243 - down 960 points from the day's high. The Sensex finally ended 503 points lower at 58,283.

The NSE Nifty touched a high of 17,640, and a low of 17,356, and eventually settled at 17,368 - down 143