Metals were among the worst hit as they also dealt with plunging iron ore and other metal futures prices. India VIX, barometer of volatility, surged nearly 7 per cent, reflecting fear on the Street.
Metals were among the most sold stocks while FMCG tried to provide some support. It was apparent that the market had gone defensive as names like HUL and Asian Paints were in heavy demand. Some IT stocks also generated investor interest.
The 30-share pack Sensex climbed 593.31 points or 1.08 per cent to close at 55,437.29. Its broader peer NSE Nifty rose 164.70 points or 1.01 per cent to 16,529.10. Both indices scaled new highs.